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International Business Times
International Business Times
Technology
Merin Rebecca Thomas

SK Hynix Enters $1 Trillion Club As AI Chip Demand Reshapes Global Tech Industry

SK Hynix has become a key supplier of high-bandwidth memory (HBM) chips used in AI accelerators, including products designed by Nvidia. (Credit: Getty Images)

South Korean semiconductor manufacturer SK Hynix crossed the $1 trillion market valuation mark this week, becoming one of the world's most valuable technology companies as the artificial intelligence boom continues to fuel unprecedented demand for advanced memory chips.

The milestone places SK Hynix among a small group of global companies valued above $1 trillion alongside firms such as Nvidia, Microsoft, Apple and Taiwan Semiconductor Manufacturing Company (TSMC). The company's rise also follows recent gains by Samsung Electronics and US-based Micron Technology, both of which have benefited from soaring demand tied to AI data centers and advanced computing infrastructure.

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