tech
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.
TL;DR
- 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.