Kwak Noh-jung

President & CEO, SK hynix

The chief executive spending the profits of a memory shortage on the capacity that could end it. Whether that is discipline or dilution depends on how much margin survives the cycle.

Company: 1

Snapshot

Known for

Leading SK hynix since 2022 through the HBM boom, and committing more than $4 billion to a US packaging plant.

Based: Icheon, South Korea

Latest on Kwak Noh-jung

Featured · Chips

SK hynix files a one-month clock on Solidigm's reported $45 billion US NAND plant

A filing today acknowledges the ₩60 trillion figure for Solidigm's US NAND plant and starts a one-month disclosure clock. The money would come from the balance sheet the board just promised to shareholders, and the licenses that govern Dalian expire with the year.

October 29, 2026 · 3 min read

Chips
SK hynix banks its first 100 trillion won quarter at an 80% margin as Apple cuts iPhone orders
Record revenue of 104.6 trillion won at an 80% operating margin, with 14 customers already contracted for more than half of 2027 and 2028 supply. Phone and PC buyers are footing the bill, and Samsung reports the duopoly's other half on October 29.
October 28, 2026 · 3 min read
Chips
Indiana neighbors take SK Hynix's $3.9 billion plant to court as the board weighs a $12 billion payout
A judge sent the fight over the West Lafayette plant to trial on December 1, and the board decides Wednesday on a reported $12 billion special dividend. Together they show where the company thinks the memory cycle peaks.
October 27, 2026 · 3 min read
Chips
Seoul called SK hynix's Solidigm listing a breach, then underwrote $1.5 billion for its suppliers
Korea's financial watchdog says the planned Solidigm float would breach overlapping-listing rules; hours later the state, SK hynix and four banks launched KRW2 trillion in supplier loan guarantees. The planned US factory, meanwhile, is conditioned on Washington's export licenses for the Dalian plant in China.
October 20, 2026 · 3 min read
Policy & Labor
Seoul calls Solidigm's up to $150 billion Nasdaq IPO a rule violation; SK hynix's US fabs need two approvals
South Korea's regulators say the Nasdaq listing meant to finance SK hynix's promised American fabs could break dual-listing rules, days after Reuters tied the same fabs to a China equipment license Washington has not renewed. The expansion premium inside SK hynix's New York-listed shares rests on two approvals neither government has granted.
October 19, 2026 · 3 min read
Deals
Solidigm picks Goldman and Morgan Stanley, and the $150 billion IPO talk settles at $100 billion
Goldman Sachs and Morgan Stanley will lead Solidigm's US IPO at up to $100 billion, the figure that has moved the parent's stock since late September and well under the $150 billion Reuters' sources floated. The pre-IPO round now being finalized is the first mark anyone actually pays.
October 8, 2026 · 2 min read
Chips
AMD's first HBM4 chips are out, and Samsung's $80 billion quarter puts SK hynix's 78.4% margins to the test
AMD's MI455 accelerators are shipping on HBM4, and Samsung holds the preferred-supplier slot it took from SK hynix and Micron in March 2026. SK hynix still prints near-80% margins, and the record Samsung quarter landing beside them is the first test of how long that lasts.
October 8, 2026 · 3 min read
Chips
Memory Is Eating the AI Boom
UBS lifted 2026 AI capex to nearly $1 trillion, but non-memory spending actually falls next year while memory more than doubles: on the bank's own arithmetic, the boom's growth is mostly a component price, a transfer to Asia's chipmakers rather than US growth.
September 19, 2026 · 3 min read
Chips
The Market Paid 8% for a Memory Fix That Ships in 2030
Intel closed up about 8% Thursday on a Reuters-reported talk about SK hynix making memory at its delayed Ohio campus, a fab due in 2030 at the earliest. The shortage it would relieve is already compressing Apple's margins and adding $100 to an iPhone.
September 18, 2026 · 4 min read
Chips
SK hynix Is Spending Billions to Break Its Own Bottleneck
Kwak Noh-jung is building a $4 billion Indiana plant to relieve the memory shortage that has made SK hynix extraordinarily profitable. The math on that profit changes once the shortage it is funded to fix arrives.
September 14, 2026 · 6 min read

Connections

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Sanjay Mehrotra2 stories together
Colette Kress1 story together
Elon Musk1 story together
Lisa Su1 story together
Tim Cook1 story together

Largest fund holders of SK hynix

Exchange Traded Concepts, LLCNew$156.6M
Meitav Investment House LtdNew$65.5M
Assetmark, IncNew$62.1M
Sarasin & Partners LLPNew$58.6M
Ninety One UK LtdNew$55.1M

Snapshot

Latest on Kwak Noh-jung

SK hynix files a one-month clock on Solidigm's reported $45 billion US NAND plant

SK hynix banks its first 100 trillion won quarter at an 80% margin as Apple cuts iPhone orders

Indiana neighbors take SK Hynix's $3.9 billion plant to court as the board weighs a $12 billion payout

Seoul called SK hynix's Solidigm listing a breach, then underwrote $1.5 billion for its suppliers

Seoul calls Solidigm's up to $150 billion Nasdaq IPO a rule violation; SK hynix's US fabs need two approvals

Solidigm picks Goldman and Morgan Stanley, and the $150 billion IPO talk settles at $100 billion

AMD's first HBM4 chips are out, and Samsung's $80 billion quarter puts SK hynix's 78.4% margins to the test

Memory Is Eating the AI Boom

The Market Paid 8% for a Memory Fix That Ships in 2030

SK hynix Is Spending Billions to Break Its Own Bottleneck

Connections

In the same stories

Largest fund holders of SK hynix

Snapshot

Latest on Kwak Noh-jung

SK hynix files a one-month clock on Solidigm's reported $45 billion US NAND plant

SK hynix banks its first 100 trillion won quarter at an 80% margin as Apple cuts iPhone orders

Indiana neighbors take SK Hynix's $3.9 billion plant to court as the board weighs a $12 billion payout

Seoul called SK hynix's Solidigm listing a breach, then underwrote $1.5 billion for its suppliers

Seoul calls Solidigm's up to $150 billion Nasdaq IPO a rule violation; SK hynix's US fabs need two approvals

Solidigm picks Goldman and Morgan Stanley, and the $150 billion IPO talk settles at $100 billion

AMD's first HBM4 chips are out, and Samsung's $80 billion quarter puts SK hynix's 78.4% margins to the test

Memory Is Eating the AI Boom

The Market Paid 8% for a Memory Fix That Ships in 2030

SK hynix Is Spending Billions to Break Its Own Bottleneck

Connections

In the same stories

Largest fund holders of SK hynix