Samsung, SK Hynix Reject $18.7B Power Funding Plan, Shares Slide
SSNLF has more than doubled off its 52-week low of $38.832.
Summary
Samsung and SK Hynix have rejected KEPCO's proposal requiring $18.7B in upfront payments for power infrastructure, citing uncertainty over semiconductor demand durability. The rejection leaves KEPCO seeking alternative funding and signals potential friction between chipmakers and the state utility. Shares fell 3.7% for Samsung and 5.3% for SK Hynix in Seoul, reflecting investor concern over future power costs and infrastructure delays. This is the first report of the rejection; no prior timeline coverage exists.
At the time of this announcement, SSNLF was trading at $140.00 on OTC in the Technology sector, with a market capitalization of approximately $886.9B. The 52-week trading range was $38.83 to $2,000.00. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.