- Samsung Electronics has joined the $1 trillion club, achieving a trillion-dollar market valuation for the first time, making it the second Asian company to reach this milestone after Taiwan's TSMC, with its shares more than quadrupling over the past year 10s.
- The company's stock soared more than 10% early Wednesday, pushing the South Korean benchmark KOSPI to record highs, and placing Samsung in the same elite club as Nvidia, Apple, and Microsoft, although it is trading at a fraction of their valuations 42s.
- The driving force behind Samsung's success is artificial intelligence, as the world's largest memory chip maker plays a crucial role in the global chip supply chain, powering AI data centers, and its semiconductor arm has seen a historic quarterly profit from an AI spending spree 1m6s.
- Analysts expect this momentum to continue, with memory prices rising and supply being tight, while demand from tech giants shows no signs of easing, and Samsung's peers, such as TSMC and SK Hynix, have also hit record highs this month 2m6s.
- There are also reports of Apple holding early talks with Samsung about using the company to make its main processors in the US as a secondary option beyond its long-term partner TSMC 3m6s.
- However, Samsung still faces challenges, including pressure on its mobile and display units due to rising costs, and workers are threatening an 18-day strike later this month, demanding a bigger share of the AI-driven profits 3m42s.
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Samsung Hits $1 Trillion Valuation
Finance
17 May 20261 min summaryFrom Bloomberg Technology
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