South Korea’s SK Hynix enters exclusive $1 trillion club
SK Hynix has joined the exclusive $1 trillion market valuation club, becoming the second South Korean company to achieve this milestone. The surge in its stock price is attributed to the booming demand for semiconductors, particularly in the AI sector. This achievement follows similar milestones reached by its competitors, Micron and Samsung Electronics, amid a global shortage of memory chips.
- ▪SK Hynix's market capitalization reached 1.66 quadrillion won ($1.10 trillion) this week.
- ▪The company's share price has increased by 240 percent since the beginning of the year.
- ▪SK Hynix's operating profit surged fivefold year-on-year in the first quarter of 2026, reaching 37.6 trillion won ($24.9 billion).
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Economy|Business and EconomySouth Korea’s SK Hynix enters exclusive $1 trillion clubChipmaker becomes second South Korean company in history to hit milestone.ListenListen (2 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoA logo of SK Hynix is seen during the World IT Show in Seoul, South Korea, on April 22, 2026 [File: Ahn Young-joon/AP]By John PowerPublished On 29 May 202629 May 2026South Korea’s SK Hynix has entered the exclusive ranks of companies worth at least $1 trillion, propelled by explosive demand for semiconductors used in AI.SK Hynix, the world’s second-largest memory chipmaker, hit the milestone this week as investors rushed to capitalise on record-shattering revenues generated by the AI…
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