Chipmaker SK Hynix becomes South Korea's second-largest company by market capitalization

Accordingly, SK Hynix's market value increased to 90.8 trillion won ($66.9 billion) on the morning of November 2, compared to 89.9 trillion won of tech giant LG.

SK Hynix is also a supplier of high-bandwidth memory to Nvidia, the world's largest chip company by market capitalization. Nvidia's stock has risen 66% this year.

SK Hynix becomes South Korea's second largest company by market capitalization.

In contrast, LG Energy Solution, a supplier to electric car maker Tesla, saw its capitalization fall 12% due to sluggish demand for electric vehicles.

In April, James Lim, an analyst at Dalton Investment, said demand for microprocessors “has bottomed out” and is “gradually heading toward recovery.”

Meanwhile, the technology war between the US and China is pushing two Korean memory chip manufacturers, Samsung and SK Hynix, into a "dilemma", as both use US technology or equipment, while China is a big piece of the pie that no company wants to ignore.

“Given that domestic suppliers cannot compete in terms of capacity and technology, China will need Samsung, SK Hynix, Kioxia, Western Digital or other foreign suppliers to replace Micron. However, all of them are from US allies and rely on US-made equipment. We think the chances of them ignoring US pressure and taking advantage of the Micron ban to gain market share in China are quite low,” said Mark Li, an analyst at C. Bernstein.

(According to Nikkei, Bloomberg)

Banning US and Chinese chip companies puts Samsung and SK Hynix in a dilemma

China's crackdown on manufacturer Micron Technology puts South Korean rivals in a difficult position: expand market share and upset the US or refuse and anger Beijing.

Korean memory chip company investigates origin of Mate 60 Pro phone components

Manufacturer SK Hynix (Korea) was surprised by the information that its memory chips were used in the latest Mate 60 Pro smartphone model of Huawei Group (China).

South Korean memory chip giant reports record loss

South Korean memory chip giant SK Hynix has just announced its latest quarterly business results with a loss of 3.4 trillion won (equivalent to 2.54 billion USD).

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