Samsung is no longer South Korea’s most valuable company.
Chipmaker SK Hynix, which supplies high-bandwidth memory (HBM) chips to Nvidia and Google, has overtaken Samsung, with Reuters reporting that its market capitalization has now hit $1.35 trillion. Samsung had held the top spot since 2000, prior to the AI boom.
Samsung is no longer South Korea’s most valuable company. Chipmaker SK Hynix has become South Korea’s most valuable company, surpassing Samsung. This shift is attributed to the AI boom, with SK Hynix supplying crucial high-bandwidth memory chips to major tech firms like Nvidia and Google. SK Hynix has achieved this remarkable turnaround after facing near-collapse from debt twenty years ago.
- SK Hynix has overtaken Samsung as South Korea’s most valuable company.
- SK Hynix supplies high-bandwidth memory (HBM) chips to Nvidia and Google.
- SK Hynix’s market capitalization has reached $1.35 trillion.
- Samsung had held the top spot since 2000, prior to the AI boom.
- SK Hynix has made a significant comeback after facing near collapse due to debt two decades ago. Continue reading https://www.theverge.com/tech/953384/samsung-is-no-longer-south-koreas-most-valuable-company
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