Google's TurboQuant - Negative Impact on SK Hynix and Samsung Electronics in the Near Term
Samsung Electronics (005930 KS), SK Hynix (000660 KS), and Kioxia Holdings (285A JP)’s share prices declined by 4.7%, 6.2%, and 5.7% respectively on 26 March.
Concerns about Google’s new TurboQuant technology was the major factor driving lower share prices for these leading semiconductor companies in Asia.
TurboQuant is likely to put negative pressures on the global semiconductor companies such as Samsung Electronics and SK Hynix in the near term. However, the long-term outlook remains less clear.
