SK Hynix and Micron Technology shares each rose 10% on Tuesday, driving a broader rebound in the memory sector. Taiwan-listed memory companies, including Macronix, Winbond, and Yogitech, also saw significant gains, with Nanya Technology up 9% and Powertech Technology rising 5%.
Memory sector pricing power is reasserting, with major players seeing significant gains, indicating strong demand for critical components.