Market Chatter: Singapore State Investment Arm to Acquire SK Hynix, Samsung Electronics Stocks

MT Newswires08-12 15:48

Singapore's state investment firm, Temasek, is looking to invest in South Korea listed, SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930), Asia Business Daily reported Tuesday, citing relevant ministries and authorities.

Temasek has reportedly been in touch with the Korean government with regards to the investments, which will be made directly via the fund's in-house team, the report said.

Based on the report, Temasek considers the memory chip sector within the AI value chain as an undervalued sector.

SK Hynix and Samsung Electronics did not immediately respond to MT Newswires request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Hellboi
08-12 18:06
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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"G3B.SI":"Nikko AM STI ETF","STI.SI":"富时新加坡海峡指数","GAB.SI":"Amova STI ETF S$A","ES3.SI":"STI ETF"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2658221922","content_text":"Singapore's state investment firm, Temasek, is looking to invest in South Korea listed, SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930), Asia Business Daily reported Tuesday, citing relevant ministries and authorities.Temasek has reportedly been in touch with the Korean government with regards to the investments, which will be made directly via the fund's in-house team, the report said.Based on the report, Temasek considers the memory chip sector within the AI value chain as an undervalued sector.SK Hynix and Samsung Electronics did not immediately respond to MT Newswires request for a comment.(Market Chatter news is derived from conversations with market professionals globally. 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