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South Korea's memory chipmaker joins Samsung and Micron in the trillion-dollar club

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SK Hynix surpasses $1T market value amid AI chip boom.

SK Hynix, the South Korean memory chipmaker, crossed a $1 trillion market capitalization.

Key facts

Summary

South Korea's memory chipmaker joins Samsung and Micron in the trillion-dollar club, powered by insatiable demand for AI server hardware. The milestone, reached around May 26-27, makes SK Hynix the second South Korean company to hit the trillion-dollar mark, following Samsung Electronics earlier this month. The company’s market valuation briefly peaked at approximately 1,624 trillion won, or around $1.08 trillion. The engine behind this rally is high-bandwidth memory, commonly known as HBM.

#South Korea #Samsung #Nvidia