[Asian Memory Chip Makers' Shares Rose on SanDisk's Favorable Long-Term Outlook]

Published: Aug 14, 2026 15:10

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An upbeat outlook from SanDisk (SNDK.O) boosted optimism about long-term earnings from the AI boom, and Asian memory chip stocks rose. Shares of SanDisk partner Kioxia Holdings rose as much as 8.7% in Tokyo, while shares of memory maker SK Hynix rose as much as 6.5% in Seoul. The Bloomberg Asia Semiconductor Stock Index rose as much as 1.6% and was on track for a fifth consecutive session of gains. SanDisk previously said it expects revenue to grow 15% to 20% from 2028 to 2030, driven by long-term pricing agreements with clients. Andrew Jackson, head of Japanese equities at Ortus Advisors, wrote: “A few years ago, it was unheard of for NAND flash makers to make such accurate long-term forecasts. Compared with more volatile spot memory prices, long-term agreements may help smooth out the classic boom/bust cycle.”

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