According to the assessment of a top-performing investment fund, shares of South Korea’s major memory-chip manufacturers remain attractively priced, even after experiencing an impressive upward rally in recent weeks. The fund suggests that these equities, which form a crucial segment of the global technology supply chain, still trade at valuations that do not fully capture their growth potential or earnings resilience. It further argues that, should conditions in the Middle East start to stabilize and signs of geopolitical de-escalation become more convincing, these same stocks are likely to emerge among the strongest performers in forthcoming market cycles.

Among the most prominent players positioned to benefit from such a positive turn of events are industry giants Samsung Electronics Co. and SK Hynix Inc., both globally recognized leaders in semiconductor innovation and production. Their technological sophistication, extensive scale of operations, and pivotal role in supplying memory components to leading device manufacturers around the world place them in a particularly advantageous position. As tensions involving Iran show measurable movement toward resolution, investor confidence in cyclical and export-oriented sectors—such as semiconductors—is expected to rise, potentially fueling further large-scale capital inflows into South Korean equities.

Arjun Jayaraman, a fund manager at Causeway Capital Management, underscored this perspective in his market commentary. He emphasized that progress toward easing the Iran conflict could serve as a key catalyst, inspiring a broader rally in emerging markets and reinforcing sentiment toward technology-driven Asian economies. Jayaraman’s insights carry notable weight, as his management of Causeway’s $3.4 billion emerging-market fund has positioned it among the most successful in its category; in fact, the portfolio outperformed 96% of competing funds over the past three years. Such a track record lends credibility to his analysis that the memory-chip sector, while recently buoyed by optimism, still harbors significant untapped value and remains exceptionally well placed to capture gains in a more stable global environment.

Sourse: https://www.bloomberg.com/news/articles/2026-04-02/fund-beating-96-of-peers-says-buy-korean-chip-stocks-hit-by-war