SK Hynix has become the most valuable company contributing to the AI boom in South Korea over Samsung. The OEM experienced an increase of 5.7% during the trading period, which has raised its overall capitalization to $1.35 trillion.
Hynix has shaken up South Korea‘s stock market for the first time in 27 years as Samsung has lost the top position in terms of market capitalization since 1999.
Over the past few years, SK Hynix has become the dominant supplier of High-Bandwidth Memory (HBM) chips for Nvidia and Google. And in the latest edition, it overtook Samsung (2.066.7 trillion won) with 2080.4 trillion won.
Both SK and Samsung are the world’s leading semiconductor producers. But while the former primarily focuses on memory chips, Samsung has several segments, including logic processors, smartphones, TVs, and more.
Following these new achievements and market factors, SK Hynix has now dethroned Samsung as the most valuable firm in the South Korean AI industry. Looking at the current scenario, Kim Sunwoo – a senior analyst at Meritz Securities, said:
“The emergence of customized AI memory fundamentally changed the industry’s economics and allowed SK Hynix to establish itself as the market leader.”
Samsung also responded to the news, saying that any calculation of its market capitalization should include preferred shares. If we go that way, the firm’s value as is 2246.4 trillion won.
But for now, analysts see SK Hynix as the central model in the global AI ecosystem’s elevation. It has been investing constantly in HBM chips that offer faster performance and lower power consumption during a downturn in the memory industry.
In the current scenario, Hynix has started delivering its next-gen HBM4E AI chip to its customers that can handle intensive workloads efficiently. Let’s see if the company would be able to maintain its “valuable firm” over Samsung in the time ahead.
(Image Credits: SK Hynix)
