This investor explains why he holds $MU instead of $SKHY. "These companies are very similar. Their price earnings ratio are similar and their products are similar. They're both benefiting from the AI boom. Everything is fantastic for both companies." So why Micron? As the leading US based memory company, Micron benefits from the CHIPS Act subsidies. This gives Micron direct cash grants of up to $6.1 billion to build new factories. All this subsidy money has supported Micron's big projects in New York, Idaho and Virginia. Along with this, Micron continues to get tax credits and state-level help. Targeting to invest $200B-$250B over the next 10+ years, Micron aims to produce 40% of its DRAM chips inside the US. Another reason is that this investor lives in the United States, invests in US markets and has a direct pulse on American companies. Owning Micron means owning common shares he can vote with direct ownership on a US exchange. There is no geopolitical risk from Korea, no currency exchange risk, and no layers of ADR structure between him and the underlying business. His threshold for switching would be a significant valuation discount in SK Hynix that compensated for those additional risks. It is a simple framework and it is probably the right one for most American investors who are not running a global macro fund. Our analysts at Milk Road PRO hold $MU & SK Hynix. They have been in the memory trade since before the big runs. Get access to their exact portfolios for $1. Link below.