A Ton of Memory News—Price Checks, Korea Investments, US Class Action, CXMT, & More—Headline Review (Semis & IT Hardware)

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A Ton of Memory News—Price Checks, Korea Investments, US Class Action, CXMT, & More—Headline Review (Semis & IT Hardware)

hink about CXMT's expansion plans; company having

an ~10-11% share in the DRAM industry? 4. What about YMTC in terms of the NAND Flash market

where we see more potential disruptive impacts from incremental bit supply?

• Wccftech (here) also reported this morning that CXMT is engaging in long-term memory

agreement with Tencent that is reportedly worth ~$3 billion. The report also notes that CXMT is

planning to provide Tencent nearly $20 billion of memory over the next 3-5 years.

5. Meta to Maintain Aggressive AI Investment Posture; Focus on Broadcom (MTIA) & AMD

(Custom MI430X) Deploys Commencing in 2H26.

• This morning Wells' Analyst Ken Gawrelski highlights FT article reports that Google is limiting

compute capacity to Meta; driving the view that Meta itself will remain aggressive on its owned

compute capacity expansion - see: Expect Meta to Maintain Aggressive Investment Posture; Resale

of "Excess" Compute Capacity Possible in '27.

• As an incremental, we note that we remain focused on Meta's AI infrastructure investment plans as

it relates to: 1. Broadcom. Initial 1GW of MTIA capacity starting in late-2026; multi-GWs targeted

in 2027. 2. AMD. Custom MI430X deploy starting with initial 1GW in 2H26; targets total 6GWs of

deployed capacity over 4 years.

6. SK Telecom Plans 15GWs of AI Data Center Build-Out. South Korea Invests in Naver Corp for

8.4GW AI Data Deploy by 2029

• In addition to the SK Hynix + Samsung investment plans, it was also announced that SK Telecom

announces plans to develop 15GWs of AI data center capacity in phases; first 5GW of capacity

targeted by 2029 + additional 10GWs deploy target by 2035 (conditional on demand).

• S.