SEOUL \u2014 SK Hynix on Monday overtook Samsung Electronics to become South Korea\u2019s most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt.<\/p>\n
The company, now the dominant supplier of high-bandwidth memory (HBM) chips used in artificial intelligence (AI) systems for customers such as Nvidia and Google, has emerged as one of the biggest beneficiaries of the global AI boom, helping propel its shares up more than 340 percent this year and lifting its market value above both Samsung Electronics and Micron.<\/p>\n
Shares of SK Hynix, now the world\u2019s most valuable memory chipmaker, traded up 5.7 percent to bring the company\u2019s market capitalization to 2,082.5 trillion won ($1.35 trillion) as of 0347 GMT, compared with gains of 0.4 percent in Samsung Electronics to 2081.3 trillion won, excluding preferred shares.<\/p>\n
The stock hit the milestone as AI reshapes the global semiconductor industry, elevating specialized memory chips from commonly traded commodities into critical components of the infrastructure powering applications such as ChatGPT and advanced AI models.<\/p>\n
SK Hynix focuses primarily on memory chips, versus Samsung Electronics whose business also involves manufacturing logic chips as well as electronics. Samsung Electronics had held the top spot since 2000.<\/p>\n
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By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service<\/a> and Privacy Policy<\/a>.<\/p>\n \u201cThe emergence of customized AI memory fundamentally changed the industry\u2019s economics and allowed SK Hynix to establish itself as the market leader,\u201d said Kim Sunwoo, a senior analyst at Meritz Securities.<\/p>\n For SK Hynix, the achievement marks the culmination of one of the biggest turnarounds in South Korea\u2019s corporate history.<\/p>\n In 2002, then-Hynix Semiconductor was on the verge of being sold to Micron, having been crippled by debt accumulated during an aggressive expansion drive. The deal eventually fell through, leaving the company under creditor control for nearly a decade.<\/p>\n Its shares plunged as low as 135 won in 2003, leaving it viewed as a penny stock, or \u201cDongjeon-ju\u201d in Korean, among investors.<\/p>\n Its fortunes in the years since tracked the global memory industry\u2019s traditional boom-and-bust cycle. In 2023, a severe downturn battered memory prices, pushing SK Hynix to report an annual ope\u00adrating loss of 7.73 trillion won.<\/p>\n It started recovering a year later as the AI boom gained momentum and the likes of Microsoft, Google and Meta invested heavily, pushing it to report an annual opera\u00adting profit of 23.5 trillion won in 2024, a record at the time.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"SEOUL \u2014 SK Hynix on Monday overtook Samsung Electronics to become South Korea\u2019s most valuable listed company, marking…\n","protected":false},"author":2,"featured_media":61096,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[34410,3888,897,34409,2588,5165,34413,34411,34036,34412,2730,699,2587,274,1666,3990,5230,1485,2295,1988,613,276,3562,241,275,33],"class_list":["post-61095","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk-hynix","tag-advanced-ai-models","tag-ai-boom","tag-ai-investment","tag-ai-systems","tag-artificial-intelligence","tag-chatgpt","tag-corporate-history","tag-customized-ai-memory","tag-global-ai-boom","tag-global-memory-industry","tag-google","tag-hbm","tag-high-bandwidth-memory","tag-market-capitalization","tag-memory-chipmaker","tag-memory-chips","tag-meritz-securities","tag-micron","tag-nvidia","tag-operating-loss","tag-operating-profit","tag-samsung-electronics","tag-semiconductor-industry","tag-sk","tag-sk-hynix","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/61095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=61095"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/61095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/61096"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=61095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=61095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=61095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}