Samsung's market value exceeds $1 trillion, second Asian company to achieve this achievement

 Samsung's market value exceeds $1 trillion, second Asian company to achieve this achievement

South Korean technology company Samsung's market valuation has exceeded $1 trillion. With this, Samsung has become the second company in Asia to cross this figure.

According to CNBC, Samsung Electronics' market value has reached 1.5 trillion Korean won, or about $1.03 trillion. Previously, only Taiwanese chipmaker TSMC had achieved this success in Asia.

The company's recently released first-quarter financial report has seen a new wave of investors. With the release of the report, the company's stock price increased by about 15 percent in a single day. This is the first time in Samsung's history that the share price has increased so much in a single day.

According to financial statements, Samsung's operating profit has increased more than eightfold compared to the same period last year to 57.2 trillion won. Similarly, the company has generated 133.9 trillion won in revenue, which is the highest record so far.

Recently, Samsung has been aggressively advancing its presence in the memory chip market required for artificial intelligence. Under this strategy, the company has started commercial production of HBM4 chips since last February. These chips are expected to be used in Nvidia's upcoming AI systems.

According to market analysts, the sharp jump in market prices has been due to the increasing demand for AI memory chips, limited supply and Samsung's confidence in its new chip technology.

Meanwhile, the market has also been heated by the news that American technology company Apple is in talks with Samsung and Intel to produce chips for its devices in the United States. If this agreement is reached, investors expect Apple's sole dependence on TSMC to decrease and Samsung's market to expand further.