SK hynix joins Samsung, Micron in $1tr club
SK hynix reached a $1.06 trillion market capitalization on Wednesday, joining Samsung Electronics and Micron Technology as the only memory chipmakers valued over $1 trillion due to AI-driven demand. The surge follows Micron’s valuation crossing the $1 trillion mark after a UBS price target increase, signaling a structural shift in the semiconductor industry away from cyclical volatility.
SK hynix became the third global memory chipmaker to surpass a $1 trillion market capitalization on Wednesday, joining Samsung Electronics and Micron Technology. The South Korean company’s valuation hit approximately $1.06 trillion, or 1,600 trillion won, as its shares rose 9.94% to 2.26 million won in early trading. The milestone reflects a broader AI-driven rally in the semiconductor sector, with demand for memory chips tightening supply and prompting long-term supply agreements. Analysts note the industry is transitioning from cyclical boom-and-bust patterns to a more stable, high-margin model. Micron Technology’s valuation crossed the $1 trillion threshold after UBS raised its price target, citing the company’s shift toward structural growth. Samsung Electronics was the first Korean firm to reach $1 trillion on May 6. The surge underscores how AI infrastructure spending is reshaping the memory chip market, benefiting all three major players. SK hynix’s rise to 12th globally by market value further cements the sector’s dominance in the tech economy.
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