SK Hynix's market capitalization surpassed $1 trillion for the first time on Wednesday. Shares surged as much as 15% during Seoul trading to reach a record value of over 1,600 trillion won, or approximately $1.06 trillion.
Explosive demand for high-bandwidth memory (HBM) chips drove the price increase. These components are essential for AI processors used in data centers. SK Hynix maintains a leading market position as a primary supplier for Nvidia.
The rally establishes SK Hynix as the second South Korean company to achieve this valuation after Samsung Electronics. The firm now ranks among the world's most valuable semiconductor manufacturers.