SK Hynix $38.3B Capex Boosts HBM Supply, Cloudflare Surges 16%

SK Hynix allocates $38.3B for new wafer factories to expand HBM and NAND production. Meanwhile, Cloudflare stock jumps 16% post-market, signaling strong demand in cloud infrastructure.

Woofun AI reports that SK Hynix intends to invest approximately $38.282 billion to construct two new wafer fabrication plants in Yongin and Cheongju, South Korea, aiming to scale production of HBM, next-generation DRAM, and NAND. Its U.S. subsidiary Solidigm is also preparing for a public listing.

Per Bitget market updates, U.S. equity futures showed modest gains ahead of trading on August 7, with investors awaiting July NFP data that could influence Federal Reserve policy. Cloudflare shares rose over 16% after hours, while Micron, SpaceX, and AMD each increased by more than 1%. Separately, a company reported Q2 revenue of $191.9 million, an 86% year-on-year increase, with data center business surpassing $100 million for the first time.