According to Reuters, the market value of Samsung Electronics’ shares has surpassed $1 trillion, reaching approximately 1,500 trillion won, equivalent to $1.03 trillion. This milestone marks a significant achievement in the company’s financial performance.
Samsung, recognized as the world’s largest producer of memory chips, has become the second Asian company, after Taiwan’s TSMC, to reach such a market value.
The report notes that the recent rise in Samsung’s stock value was primarily driven by increased demand and the boom in shares of U.S. companies active in the field of artificial intelligence, a factor that has also improved the outlook for the semiconductor industry.
Samsung’s stock rose about 12 percent at 9:52 a.m. Seoul time (12:52 a.m. GMT), playing a decisive role in pushing the company past the $1 trillion market value threshold.
Writer:Salima Aryaei
