Posted Jun 22, 2026 at 9:57 AM UTCJSamsung is no longer South Korea’s most valuable company.Chipmaker SK Hynix, which supplies high-bandwidth memory (HBM) chips to Nvidia and Google, has overtaken Samsung, with Reuters reporting that its market capitalization has now hit $1.35 trillion. Samsung had held the top spot since 2000, prior to the AI boom.That’s one heck of a comeback for SK Hynix, after it almost collapsed under debt two decades ago. Image: ReutersFollow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Jess Weatherbed
Samsung is no longer South Korea’s most valuable company.
Chipmaker SK Hynix, which supplies high-bandwidth memory (HBM) chips to Nvidia and Google, has overtaken Samsung, with Reuters reporting that its market capitalization has now hit $1.35 trillion. Samsung had held the top spot since 2000, prior to the AI boom. [Image: That’s one heck of a comeback for SK Hynix, after it almost collapsed under debt two decades ago. https://platform.theverge.com/wp-content/uploads/sites/2/2026/06/Screenshot-2026-06-22-104108.jpg?quality=90&strip=all]
TL;DRAI
SK Hynix hits $1.35T market cap, overtaking Samsung (26-year leader) as South Korea's most valuable company, on HBM demand from Nvidia and Google. Market value shifts to AI infrastructure suppliers; hyperscalers now reward control over training memory bottlenecks.
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