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The Economic Times

SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

SK Hynix Micron Kospi Memory Micron Technology Samsung South Korea Semiconductor

SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally.

Shares of SK Hynix jumped as much as 14.9%, taking the South Korean chipmaker's market value to a record 1,680 trillion won ($1.12 trillion) and propelling the country's benchmark KOSPI index to a record high.

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