South Korea’s SK Hynix enters exclusive $1 trillion club
Al Jazeera • • business
Key Points:
- South Korea’s SK Hynix has joined the exclusive group of companies valued at over $1 trillion, driven by soaring demand for AI-related semiconductors.
- The company’s share price has surged 240% since the start of 2026, with a market capitalization reaching approximately $1.10 trillion as of Friday.
- SK Hynix’s operating profit in Q1 2026 jumped fivefold year-on-year to 37.6 trillion won ($24.9 billion), while revenue tripled to 52.6 trillion won ($34.8 billion).
- This milestone follows similar achievements by SK Hynix’s main competitors, Micron and Samsung Electronics, amid a global shortage of DRAM and NAND memory chips.
- SK Hynix is one of only four non-US companies among the 17 worldwide to reach a $1 trillion valuation, alongside Samsung Electronics, Taiwan’s TSMC, and Saudi Aramco.