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Euronews
Euronews
Quirino Mealha

Memory chip giants SK Hynix and Micron cross $1tn valuation amid AI mania

SK Hynix Memory United States South Korea Seoul

The world's memory chip sector is undergoing a transformation with few modern parallels as relentless demand from AI development triggers a historic repricing of the semiconductor industry.

South Korea's SK Hynix shares surged as much as 13% in Seoul trading on Wednesday, reaching a new all-time high and pushing its market capitalisation above $1 trillion (€860bn) for the first time.

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