20 years after near-collapse, SK Hynix overtakes Samsung to become the world's most valuable memory chipmaker
SK Hynix overtook tech giant Samsung Electronics on Monday (June 22) to become South Korea’s most valuable listed company. The milestone is notable because its comes about 20 years after the chipmaker was sitting on the brink of total collapse. Moreover, this shift unseats Samsung from a top spot it had held continuously since the year 2000, solidifying SK Hynix as the world’s most valuable memory chipmaker , according to a report by news agency Reuters.
Driven by the global artificial intelligence (AI) boom, SK Hynix shares closed up 5.6%, lifting its market capitalisation to 2,080.4 trillion won ($1.35 trillion), edging past Samsung’s market value of 2,066.7 trillion won (excluding preferred shares).
Increased demand for memory for AI infrastructure
The global semiconductor landscape has been reshaped by AI with tech companies ordering High-Bandwidth Memory (HBM) chips in large quantities for AI infrastructure. SK Hynix has emerged as the premier beneficiary of this transition, riding a massive 340% stock rally this year. The company is now the dominant supplier of HBM chips – which stack memory vertically to deliver lightning-fast speeds and lower power consumption – supplying tech giants like Nvidia and Alphabet's Google.
Driven by the global artificial intelligence (AI) boom, SK Hynix shares closed up 5.6%, lifting its market capitalisation to 2,080.4 trillion won ($1.35 trillion), edging past Samsung’s market value of 2,066.7 trillion won (excluding preferred shares).
Increased demand for memory for AI infrastructure
The global semiconductor landscape has been reshaped by AI with tech companies ordering High-Bandwidth Memory (HBM) chips in large quantities for AI infrastructure. SK Hynix has emerged as the premier beneficiary of this transition, riding a massive 340% stock rally this year. The company is now the dominant supplier of HBM chips – which stack memory vertically to deliver lightning-fast speeds and lower power consumption – supplying tech giants like Nvidia and Alphabet's Google.
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