Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.

SEOUL: South Korea's benchmark Kospi stock index hit an all-time high on Wednesday (May 27) as SK Hynix joined its memory chip rivals Samsung Electronics and

Shares of SK Hynix soared over 11% on Wednesday, pushing the South Korean memory-chip maker above the $1 trillion market capitalization mark.

The global AI boom has transformed the semiconductor industry, pushing Micron and SK Hynix past the $1 trillion market value mark. Surging demand for AI memory chips, supply…