Samsung Becomes Asia’s Second $1 Trillion Market Cap Company

The market value of South Korean institution Samsung Electronics has crossed the $1 trillion mark, which is approximately ₹95.03 lakh crore. Due to the rising demand for Artificial Intelligence (AI) over the past year, the world’s largest memory chip manufacturer’s share price has increased by approximately 400%. During Wednesday’s trading session, Samsung’s share price rose by 15%, following the lead of Taiwan’s TSMC in reaching this milestone to become the second institution in Asia to do so. Samsung’s stock rise has also positively impacted South Korea’s benchmark index (KOSPI), which crossed the 7,400 mark.
Global investment in semiconductor manufacturing and infrastructure has attracted investors to chip makers, leading to a massive rally in this sector. Prior to this, Samsung’s quarterly profit report showed a 48% increase in annual profit for the semiconductor division. The demand for AI-related data centers and high-end margins has propelled the institution to new heights of earnings.