SK Hynix sharply narrows gap with Samsung’s market cap

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SK Hynix sharply narrows gap with Samsung’s market cap - Korea Economic Daily

Quick Summary:

SK Hynix, the world’s No.2 memory chipmaker, has been at the forefront of developing high-bandwidth memory (HBM) as a key supplier of Nvidia Corp, the world’s largest AI chip designer.As of Jan.21, SK Hynix’s market cap stood at 158.70 trillion won ($111 billion), more than half of Samsung Electronics’ 319.38 trillion won, according to the Korea Exchange.

Fund managers said SK will further cement its leadership in the market of HBM optimized for AI applications.“Samsung Electronics is far behind SK Hynix in terms of HBM technology,” said a fund manager at a Korean asset management company.“Even if it supplies HBM to Nvidia, they will be used for low-end AI chips.

Analysts said Samsung’s struggle in the HBM market will keep its share price rise in check.“Until it is confirmed that Samsung supplies (HBM) to Nvidia, its share price will remain in a boxed range,” said Roh Geun-chang, research head at Hyundai Motor Securities Co.