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Samsung reaches $1T valuation on sizzling chip business
The $1 trillion club has a new member — Samsung. The world's largest memory-chip maker reached that milestone valuation on Wednesday, becoming the latest company to ride the artificial intelligence wave to record heights. Shares soared more than 15% and were on pace for their biggest one-day gain ever. Samsung joined TMSC as the only Asian companies to cross the $1 trillion threshold, driven by monster earnings last week, as well as the news that Apple might tap Samsung to make chips for its devices in the U.S.
Samsung Electronics has become Asia’s second $1 trillion company, highlighting two major signals: the return of strong AI-driven momentum and the growing risk of “chipflation” impacting global markets. While many recognize Samsung for its consumer...
