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SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix has surpassed Samsung Electronics in market capitalization due to high demand for AI-driven high-bandwidth memory. The company supplies critical components for Nvidia's AI processors. SK Hynix has now applied to list its shares on the Nasdaq.

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What changed

Updates include the Nasdaq IPO filing and new national semiconductor investment plans.

Live updates

  1. SK Hynix Overtakes Samsung as South Korea's Most Valuable Company

    SK Hynix has surpassed Samsung Electronics in market capitalization due to high demand for AI-driven high-bandwidth memory. The company supplies critical components for Nvidia's AI processors. SK Hynix has now applied to list its shares on the Nasdaq.

    What's confirmed:

    • SK Hynix surpassed Samsung Electronics as South Korea's most valuable company.
    • The shift was driven by a surge in AI demand for high-bandwidth memory chips.
    • South Korea unveiled a semiconductor investment plan involving new memory fabs and advanced packaging.
    • Samsung and SK Hynix will each build two new fabrication plants in South Korea.

    Still unconfirmed:

    • SK Hynix filed for an IPO to list its shares on the Nasdaq.
    • Samsung's 26-year reign as the Kospi's most valuable company ended on June 22.
    • The national semiconductor investment plan is valued at 911 trillion won or 591 billion dollars.
    confidence 90%

  2. SK Hynix Overtakes Samsung Electronics as South Korea's Most Valuable Company

    SK Hynix has surpassed Samsung Electronics in market capitalization, ending Samsung's long-term lead. The shift is driven by an AI boom and strong demand for High Bandwidth Memory. SK Hynix's market value recently exceeded 2,000 trillion won.

    What's confirmed:

    • SK Hynix surpassed Samsung Electronics to become South Korea's most valuable company.
    • The market capitalization of SK Hynix exceeded 2,000 trillion won.
    • An AI boom and HBM demand fueled the rise in SK Hynix's market value.
    • SK Hynix shares reached 2.917 million won.
    • Samsung Electronics held the top valuation spot since 2000.

    Still unconfirmed:

    • SK Hynix experienced a 331% surge.
    • SK Hynix is considering a US IPO.
    • SK Hynix surpassed Samsung for the first time in 26 years.
    • Samsung's reign as market cap leader lasted 24 years.
    • SK Hynix's market capitalization reached approximately 2,082.5 trillion won or 1.35 billion US dollars after a 5.7% share jump.
    confidence 95%