SK Hynix overtakes Samsung to become South Korea's most valuable company
Published
SK Hynix has become the highest-valued company on the South Korean stock exchange. According to figures from Feber, Samsung has thereby lost its position as the country's most valuable company. SK Hynix is valued at 2,082 trillion won.
SK Hynix is one of the world's largest manufacturers of memory chips, which are used in computers, mobile phones and large data centres. Demand for these chips has increased sharply in recent years, mainly due to the development of artificial intelligence. This is an important explanation for why the company's value has risen.
Samsung is one of the world's largest technology companies and manufactures, among other things, mobile phones, television sets and memory chips. That two companies in the same industry are competing for the top spot on the stock exchange shows how important the chip industry has become for South Korea. It also shows that valuations on the stock exchange can change quickly.
For readers in Sweden, the news is primarily an example of how demand for semiconductors affects global technology companies. Since many Swedish companies and users depend on electronics from various parts of the world, developments in the chip industry are worth following.
Sources: tech-insider.org
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