A word at the White House makes semiconductors hilarious… Samsung again ‘90,000 electronics’ Gazua~

A word at the White House makes semiconductors hilarious… Samsung again ‘90,000 electronics’ Gazua~

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On February 11-12, when the Korean stock market was closed due to the Lunar New Year holiday, semiconductor-related stocks in the U.S. market showed strong all at once, raising expectations for the stock prices of Samsung Electronics and SK Hynix after the holiday. Samsung Electronics closed at 81600 won, down 1.33% from the previous day on the 10th, the day before the holiday season, and collapsed at a price that was 10% down from 91,000 won (closed on January 11), the highest point this year.

On the 11th (local time) in the New York Stock Market, the Philadelphia Semiconductor Index rose 3.4% from the previous day to 3180.84 and continued on the 12th. In particular, the rise of major semiconductor and equipment stocks was remarkable.

In the US stock market on the 11th and 12th, which is the closing period of the Korean stock market, Applied Materials rose 10.2%, Ram Research 10%, and Microntech 6.9%. Accordingly, iShare Semiconductor ETF (SOXX), a representative semiconductor ETF, also rose 4.7% during the two days.

The announcement that the Biden administration will recognize and resolve the negative impact on the automobile industry and other industries due to the recent semiconductor supply shortage raised expectations for the semiconductor industry as a whole. On the 11th, the White House announced that the government was looking for a comprehensive strategy to review the supply chain and prevent bottlenecks in the semiconductor industry.

Meanwhile, despite the continued decline in share prices for a month, the stock price is still maintaining a positive view on Samsung Electronics’ long-term outlook.

Do-yeon Choi, a researcher at Shinhan Financial Investment, suggested a target price of 120,000 won for Samsung Electronics and said, “As the forecast for next year’s operating profit continues to expand, it should be viewed as an upward cycle.” It is part of the transition period.”

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