TL;DR
- Chipmaker SK Hynix has toppled Samsung as the most valuable publicly listed company in South Korea.
- It has a market cap of approximately $1.35 trillion, largely due to the boom in demand for high-bandwidth memory (HBM) chips.
- It’s also expanding its capacity for DRAM production.
The AI boom isn’t just causing smartphone prices to increase, it’s also impacting the value of companies that make chips for AI systems. For over 25 years, Samsung was the biggest publicly listed company by market capitalization in South Korea, its home market. However, with the increased demand for AI chips, SK Hynix has now surpassed its market valuation for the first time ever.
According to a Reuters report, South Korean chip manufacturer SK Hynix has overtaken Samsung, with a market capitalization of 2,080.4 trillion won (~$1.35 trillion), compared with Samsung’s 2,066.7 trillion won (~$1.34 trillion), excluding preferred shares.
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