Samsung Electronics, SK Hynix Shares Under Pressure as Market Awaits South Korea's New Round of AI and Semiconductor Development Strategy

TradingKey - On June 29, the latest reports indicate that South Korean President Lee Jae-myung will officially unveil a new national development strategy today covering semiconductors, artificial intelligence data centers, and the robotics industry. Samsung Group and SK Group are expected to announce a 10-year investment blueprint totaling up to 2,000 trillion won (approximately $1.3 trillion) at the meeting, with key focuses on advanced memory chips, HBM, high-end wafer fabrication, advanced packaging, and AI infrastructure. These initiatives will also receive supporting government assistance in power, water, transportation, and talent development.

As the South Korean government prepares to announce its new development strategy for the semiconductor and AI industries, the domestic semiconductor sector showed mixed performance amid cautious market sentiment. Dragged down by an overnight pullback in global tech stocks, both Samsung Electronics and SK Hynix fell during intraday trading. Investors broadly opted to remain on the sidelines ahead of the major policy announcement, putting pressure on the benchmark KOSPI index.

Samsung Electronics Daily Stock Price Chart, Source: TradingView

As of early Asian trading, Samsung Electronics fell about 5% to 323,000 won, while SK Hynix slid roughly 3% to 2,595,000 won. The KOSPI index dipped over 2% at one point during intraday trading.