Following TSMC and Samsung, SK Hynix Joins the $1 Trillion Club

According to CNA, SK Hynix has seen its market capitalization surpass the $1 trillion mark for the first time, driven by the AI-fueled memory chip boom. It is the third Asian company to join the '$1 Trillion Club' after TSMC and Samsung Electronics. Reuters reports that South Korea has become the first country outside the United States to have more than two companies with a market cap exceeding $1 trillion. SK Hynix's stock price surged by as much as 14.9%, pushing its market cap to a record 1,680 trillion won (approximately $1.12 trillion), driving the KOSPI index to a new all-time high. Competitor Samsung Electronics first crossed the $1 trillion mark on May 6. With today's gains, the combined market cap of Samsung and SK Hynix accounts for half of the total KOSPI market cap. Driven by the global AI boom, the KOSPI has risen 91% year-to-date, following a 76% gain last year, making it the best-performing index globally. Mirae Asset Securities analyst Kim Young-gun stated in a report: 'We expect the memory chip supply shortage to continue until 2028, keeping prices at high levels.' Year-to-date, Samsung Electronics' stock has risen 149%, while SK Hynix has soared 215%.