[Morningstar: SK Hynix and Samsung's Investment Plans May Bring Supply Surplus Risks] BlockBeats News, June 29, Samsung Electronics and SK Hynix announced large-scale investment plans. Morningstar equity analyst Jing Jie Yu stated that SK Hynix's Yongin Semiconductor Cluster has a total investment commitment estimated at approximately 600 trillion Korean won. If the new commitments are independent investments, it could signify a significant risk of supply surplus over the next decade, with uncertainty causing today's stock price to dip temporarily. He pointed out that the long-term cyclical nature of memory chip pricing remains unchanged. It is expected that new production capacity will take at least two to three years to come online, with initial demand exceeding supply. However, supply surpluses typically occur later when peak production capacity coincides with slowing demand. He believes that memory chip shortages will intensify, but long-term agreements and manufacturers generating substantial cash are driving a series of capacity investments. Unless the investment return rates of hyperscale cloud service providers can consistently keep pace with sales and price growth throughout the period, this trend will be difficult to sustain over the next decade.