Hynix is going up..."Even 40,000 electronics have to worry about." [Y transcript]

■ Hosted by: Anchor Kim Youngsoo Kim and Anchor Cho Soo-hyun
■ Starring: Lee In-cheol, Director of Economic Research Institute,

* The text below may differ from the actual broadcast content, so please check the broadcast for more accurate information. Please specify [YTN Newswide] when quoting.

◇ Anchor> Hynix's stock price is rising, right?

◆Lee In-cheol > Hynix is going up. Leaving aside the semiconductor sector, this time, Samsung Electronics is trailing SK Hynix in semiconductor operating profit for the first time since its foundation. So, it's not just about numbers, but what comes to mind when you think of Samsung Electronics? Super-gap technology, innovation, and quality come to mind, but this is gone.

◇Anchor> The semiconductor market has recently shown a recovery trend, but some point out that only Samsung Electronics is facing winter now. What do you think of the possibility of a stock rebound going forward?

◆Lee In-cheol>I think the most important thing is that foreigners are likely to sell more. Because I can't see the future well. Because the stock market feeds on the future. It's about how good the future performance will be and how good the latest products will be to increase market share, but Samsung has taken the crisis as an opportunity by taking extreme remedies every time a crisis occurs. What happened in 1995? I got a wireless call, but the defect rate soared to double digits, so I collected all my cell phones and burned them in front of the employees. In 2007, the battery of the Galaxy Note 7 was defective. It changed the crisis by putting super-strong water to collect all 2.5 million units, but recently, there is no DNA to respond to this crisis of Samsung Electronics. So of course, the 5th generation artificial intelligence chip that is being tested on Nvidia is important, but this one has already been preempted by SK Hynix and Micron and taken away. Then, how much of the 6th generation artificial intelligence chip, which is scheduled to be released next year, will occupy this market is the most important thing, in the short term. Second, despite the foreigners selling it now, they sold 10 trillion won, and Samsung Electronics has a 53% stake in its common stock. Half the foreigners have it. However, if I don't see the future, I could break this stake by 50%. Then you don't have to worry about 50,000 electronic devices, you have to worry about 40,000 electronic devices. So, what will Samsung break through with? I have nearly 100 trillion won in cash right now. I'm not using this. Closing the technology gap is now suffering from heat generation and power problems. What's the best way to solve this? You can do M&A for a company with technology. But there's never been an M&A in 2017. So, the stock outlook is not very good until large-scale R&D investments or M&As show any future growth potential.

Excerpted from
: Lee Mi-young, editor of the digital news team

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