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SK Hynix slides 12%, ASML upgrades outlook; NY pauses centers

7/17/2026

24 4 Full Breakdown

Summary

Story summary

SK Hynix Inc. shares fell 11.53% to 1,842,000 won in Seoul on July 16, 2026, a 23% loss from the high.
Samsung Electronics fell 7% while Seoul Semiconductor dropped 5%.
ASML lifted its revenue forecast to 43–45 billion euros, raising semiconductor stocks to 20% of the S&P 500 from a 2%-5% range, while U.S. peers Micron, Intel, Lam Research and AMD fell 3%-8%.
New York Governor Kathy Hochul ordered a pause on data-center projects.

History

Historical Context

After the 2018 NDAA ban added Huawei to the Entity List, U.S. export controls stopped chip sales to China, resulting in a $5 billion revenue loss for Samsung, Intel and Micron and a 30 % drop in Chinese orders. With China holding 35 % of the 2021 semiconductor market, the July 2026 slowdown at SK Hynix, Samsung and Micron mirrors that shock, prompting Governor Kathy Hochul to pause projects.

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Story summary

SK Hynix Inc. shares fell 11.53% to 1,842,000 won in Seoul on July 16, 2026, a 23% loss from the high.
Samsung Electronics fell 7% while Seoul Semiconductor dropped 5%.
ASML lifted its revenue forecast to 43–45 billion euros, raising semiconductor stocks to 20% of the S&P 500 from a 2%-5% range, while U.S. peers Micron, Intel, Lam Research and AMD fell 3%-8%.
New York Governor Kathy Hochul ordered a pause on data-center projects.

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