SEOUL: Samsung Electronics Co topped US$100bil in market value yesterday, one of only four Asian companies above that mark, after outspending rivals to become the world's biggest maker of memory chips and televisions.
Samsung shares climbed as much as 4.5%, pushing the capitalisation of the Suwon, South Korea-based company to 102 trillion won, or US$102bil. Samsung is now second in size to Vodafone Group Plc among non-US technology stocks and has this decade overtaken the values of Finland's Nokia Oyj, Motorola Inc and Japan's Sony Corp.