삼성전자, SK하이닉스 투자 '6대4'를 권하는 이유 | 이건규 르네상스자산운용 대표 [글로벌 인터뷰]

Summary

Lee Kwon-hee, CEO of Renaissance Asset Management, discusses the AI semiconductor supercycle driven by agent AI and data traffic explosion. He recommends continued investment in Korean semiconductor stocks, favoring a 6:4 allocation between Samsung Electronics and SK Hynix. He expects multi-year demand growth and sees Samsung's improving foundry business as a key catalyst. Short-term volatility is viewed as normal within a strong uptrend.

• AI agent functionality driving unprecedented data traffic and semiconductor demand.
• DRAM demand expected to increase 3-8x due to inference and agent AI.
• Supply constraints due to HBM CapEx inefficiency keep market tight.
• Lee projects at least 2-3 years, possibly 5-7 years of semiconductor upcycle.
• He recommends a 6:4 allocation favoring Samsung Electronics over SK Hynix.
• Samsung's foundry business is improving, potentially boosting earnings.
• Short-term volatility is expected but not a reason to exit.
• Foreign investor interest may increase with Samsung becoming top global earner.