00:00South Korean company SK Hynix has joined the $1 trillion club for the first time
00:06amid a surge in demand for chips used in artificial intelligence.
00:10The memory chipmaker saw its share price rise sharply on Wednesday,
00:14pushing its valuation to a record $1.12 trillion
00:18and lifting South Korea's stock index to an all-time high.
00:23SK Hynix is only the second South Korean company after Samsung Electronics
00:28to reach the symbolic milestone.
00:30Its share price has risen about 900% over the past two years.
00:35U.S.-based Micron also crossed the $1 trillion mark just a day earlier,
00:40highlighting strong demand for high-end memory chips
00:42used in artificial intelligence systems, including those powered by NVIDIA.
00:47Supply constraints have also pushed prices sharply higher,
00:51with memory chip prices doubling in the first quarter and expected to rise further.
00:56Only three Asian companies now feature in the $1 trillion club, including Taiwan's TSMC.
01:03Meanwhile, South Korea's KOSPI index has been one of the world's strongest performers this year,
01:08rising 91% after a 76% gain last year, driven by the global AI boom.
01:15As you can see, it's their own tech background.
01:15That's why the market is important to use.
01:15But now they're not doing that.
01:15So let's talk about some of the projects we've watched.
01:15So we're among the people who are coming to this world.
01:15So I'm pretty much more and expensive.
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