[Exclusive] Singapore's Temasek to Buy Into Samsung, SK Hynix… Its First Ever Investment in Korean Stocks
Temasek, one of Asia's largest sovereign wealth funds, is making a new investment in Samsung Electronics and SK Hynix. This marks the first time Temasek has invested in the Korean stock market.
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Temasek is said to hold the view that within the artificial intelligence (AI) value chain, memory semiconductors are the most undervalued area. An investment banking (IB) industry source said, "Temasek has an investment style of deploying large amounts of capital into industries that lead the market, from a long term perspective," adding, "Samsungnix has risen as much as more than 880% from last year's low, but this shows conviction that it will go higher still."