SK Hynix Joins Trillion-Dollar Club with Nvidia and TSMC
SK Hynix Reaches Trillion-Dollar Market Cap Amid AI Chip Boom
South Korean memory chip maker SK Hynix has joined the elite trillion-dollar club alongside Nvidia and TSMC, as its shares more than tripled this year driven by surging demand for AI chips.
Market Value Surpasses 1,600 Trillion Won
On Wednesday, SK Hynix shares jumped up to 15% in early trading, pushing its market capitalization to over 1,600 trillion won (approximately $1.06 trillion). It became the second South Korean company to cross the $1 trillion threshold after Samsung Electronics.
Dominance in AI Memory Market
SK Hynix leads the high-bandwidth memory (HBM) market, supplying HBM3 and HBM3E products to Nvidia ahead of rivals. The company posted a record quarterly net profit of 40 trillion won in the first quarter, up 400% year-over-year.
Executives expect chip demand to outpace supply for the next three years, especially for HBM products. SK Hynix is ramping up investments and plans to list in the U.S. this year to fund expansion.
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