South Korea’s SK Hynix enters exclusive $1 trillion club
Summary
South Korea’s SK Hynix has become one of the few companies in the world worth over $1 trillion. This growth is due to strong demand for its memory chips, driven by the rise of artificial intelligence (AI) technology.Key Facts
- SK Hynix is the world’s second-largest maker of memory chips.
- The company’s market value reached about $1.1 trillion recently.
- Its share price has increased 240% since the start of 2026.
- SK Hynix’s profit in the first three months of 2026 was nearly five times higher than last year.
- Global demand for DRAM and NAND memory chips is growing rapidly because of AI technology.
- SK Hynix joins only 17 companies worldwide valued at over $1 trillion.
- Most $1 trillion companies are based in the United States; SK Hynix is one of the few outside the U.S. in this group.
- Other non-U.S. companies worth $1 trillion include Samsung Electronics, TSMC of Taiwan, and Saudi Aramco.
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