SK Hynix’s (XKRX:000660, Financial) stock was up as DRAM prices rose in June and July; the company also noted declining memory inventories due to better demand. The South Korean semiconductor supplier rose in line with industry competitors, Micron and TSMC, both of which projected strong industry demand in 2020.
From Bernard Horn (Trades, Portfolio)'s third-quarter 2019 Polaris Global Value Fund shareholder letter.
