SK Hynix dethrones Samsung Electronics as South Korea's most valuable company


The SK Hynix logo is displayed on a phone at the annual Computex in Taipei, Taiwan, June 2, 2026. REUTERS/Ann Wang

SEOUL, June 22 (Reuters) - ⁠The market value of South Korean ⁠chipmaker SK Hynix briefly topped that ‌of peer Samsung Electronics on Monday to make it the country's most valuable firm.

Shares of SK ​Hynix, now the world's most ⁠valuable memory chipmaker, ⁠traded up 5.7% to bring the company's ⁠market ‌capitalisation to 2,082.5 trillion won ($1.35 trillion) as of 0347 GMT, compared ⁠with gains of 0.4% in Samsung ​Electronics to ‌2081.3 trillion won, excluding preferred shares.

Samsung ⁠Electronics had ​held the top spot since 2000.

South Korean chipmakers have posted record profits, benefiting from ⁠the rush to build AI ​data centres by U.S. tech giants that have boosted demand for memory chips, constrained ⁠supply and driven up prices.

SK Hynix shares have risen more than 340% this year alone, outperforming Samsung's 200% jump.

In May, ​SK Hynix joined rivals ⁠Samsung Electronics and Micron Technology in topping $1 ​trillion in market value ‌for the first time, ​driven by the AI rally.

(Reporting by Hyunjoo Jin; Editing by Kevin Buckland)

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