SK Hynix crossed $1 trillion in market value this week as the artificial intelligence boom drove demand for memory chips, according to market reports.
The South Korean chipmaker joined Samsung Electronics and Micron Technology in the trillion-dollar group. The three companies produce most of the world’s memory chips.
Memory chips drew fresh investor demand as AI data centres increased spending on high-bandwidth memory and storage.
NVIDIA and Taiwan Semiconductor Manufacturing Company also trade above $1 trillion. Samsung and SK Hynix reported record first-quarter profits.
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RBC Capital Markets analysts said South Korea’s benchmark index has become Asia’s “poster child” for the AI tech rally.
They warned that Samsung and SK Hynix now make up about half of the index, leaving the market exposed to sharp tech swings.
