SK Hynix replaces Samsung as top value in Korea
SK Hynix succeeded in overtaking Samsung Electronics to become the most valuable company in South Korea for the first time in 26 years, after its stock price rose by 5.7% and its market value reached approximately $1.35 trillion, compared to Samsung’s $1.38 trillion. This achievement resulted from its shift in focus towards AI-oriented memory chips, with operating profits projected to reach 23.5 trillion won in 2024, following a recovery from previous significant losses. This milestone reflects strategic changes and the booming memory chip industry tied to artificial intelligence and its global applications.
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