SK Hynix overtakes Samsung Electronics to become South Korea’s most valuable listed company by market capitalisation, ending Samsung’s long run at the top. Multiple outlets report that the change happens during trading on Monday, when SK Hynix’s market value rises above Samsung’s on the Korea Exchange. Reuters-style figures cited across the reports show SK Hynix’s market capitalisation at about 2,080 trillion won (around US$1.35 trillion), compared with Samsung’s roughly 2,067 trillion won after Samsung’s shares fall slightly. SK Hynix shares close higher, with one report putting the gain at about 5.6%, as investors bid up the memory chipmaker. The milestone marks the first time Samsung relinquishes the top spot on the KOSPI benchmark since it began an uninterrupted reign in 2000, after Samsung had first reached the position in 1999. Several sources link the shift to strong semiconductor demand tied to the artificial intelligence boom, with SK Hynix benefiting from demand for high-bandwidth memory (HBM) used in AI systems. Customers cited include Nvidia and Google, reflecting SK Hynix’s role in the HBM supply chain.
SK Hynix overtakes Samsung to become South Korea’s most valuable company
SK Hynix overtakes Samsung Electronics to become South Korea’s most valuable listed company by market capitalisation, ending Samsung’s long run at the top. Multiple outlets report that the change happ...
- SK Hynix surpasses Samsung Electronics in market capitalisation to become South Korea’s most valuable listed company.
- The shift occurs during intraday trading on Monday and SK Hynix closes higher, with gains reported around 5.6%.
- SK Hynix’s market capitalisation is reported at about 2,080 trillion won (about US$1.35 trillion), compared with Samsung’s about 2,066–2,067 trillion won.
- The change ends Samsung’s 26-year run at the top of South Korea’s most valuable company position on the KOSPI.
- Sources attribute the move to strong semiconductor demand connected to the AI boom, particularly HBM chips used in AI systems.
SK Hynix surpasses Samsung as South Koreas most valuable company amid AI chip boom
1 month agoSK hynix's shares are up by almost 900% over the past 12 months, compared to almost 180% for the broader KOSPI index.
1 month agoSK hynix overtook Samsung Electronics on Monday to become the most-valued listed Korean firm on the benchmark KOSPI in a dramatic turnaround nearly impossible to imagine decades earlier. SK hynix shares soared 5.6 percent, lifting the company's market capitalization to 2,080.4 trillion won ($1.35 trillion). Things turned around on "Black Tuesday" where shares took a dive with Samsung Electronics back at the helm. But Monday's performance when compared to when SK acquired the company 14 years ago, showed a market capitalization figure jump 130-fold. For a company that was withering under high debt and creditor-led stewardship achieved this milestone by focusing on the competitive high-bandwith memory (HBM) chips used in artificial intelligence (AI) systems. Samsung Electronics, the former top firm, saw its share slid by 0.14 percent, putting its market value to 2,066.66 trillion won Monday. By a more textbook measure, with Samsung's preferred shares also traded, the company's market value would still be larger than SK hynix at 2,246.4 trillion won. Yet, it has been replaced, even for a
1 month agoSK Hynix on Monday overtook Samsung Electronics to become South Korea’s most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt. The company, now the dominant supplier of high-bandwidth memory (HBM) chips used in AI systems for customers such as Nvidia (NVDA.O) and Alphabet’s […]
1 month agoThe memory chipmaker's market cap hit $1.35 trillion on Monday, ending Samsung's 26-year run at the top of the Korea Exchange
2 months ago
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