South doubled its position in Micron Technology (07709) to rise more than 3%, hitting a new high on the market again, with a cumulative increase of over 2.75 times in the past month. As of the time of drafting, it rose 3.62% to 79.66 Hong Kong dollars, with a turnover of 45.81 billion Hong Kong dollars. On the news front, on May 8th, according to media reports citing informed sources, global tech giants are competing to extend an olive branch to SK Hynix, a major memory chip manufacturer in South Korea, by proposing investments in new production facilities and funding for expensive production equipment to secure sources of memory chips in advance. However, informed sources also said that due to its ample funds, SK Hynix is cautious about investing in customers. Such transactions could make it subject to specific buyers and require it to supply chips at a lower price in exchange for "longer-term and more stable income guarantees." Both SK Hynix and Samsung have previously stated that the current shortage of memory chips will continue as chip manufacturers need time to build capacity to keep up with the "structural growth" of AI demand. SK Hynix pointed out that due to the current supply constraints, the company cannot fully meet all customer demands. SK Hynix also added that requests from customers to sign long-term contracts to ensure supply are increasing rapidly.