The market value of South Korean memory chip maker SK hynix soared past $1 trillion on Wednesday thanks to frenzied global demand for the computing hardware that powers artificial intelligence tools.

SEOUL, May 27 : Shares of SK Hynix surged on Wednesday, taking the market capitalisation of the South Korean chipmaker above $1 trillion. Shares rose as much as 11.1 per cent to…

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