The market capitalisation gap between Samsung Electronics Co. and SK hynix Inc. marked the lowest level in 13 years as of Friday, the main stock exchange said Sunday.
Samsung Electronics’ market capitalisation accounted for 15.85 percent, or 333.7 trillion won (US$240 billion), of the overall value of stocks listed on the Korea Stock Price Index (KOSPI) market as of Oct. 25, according to the Korea Exchange.
SK hynix’s reached 6.95 percent, or 146.3 trillion won, of the KOSPI market.
The two chipmakers’ market capitalization gap was 8.9 percent, the lowest in 13 years and three months since their gap marked 8.84 percent in 2011, the main exchange said as quoted by Yonhap.
Shares in Samsung Electronics have suffered declines due to lower-than-expected earnings results in the third quarter and delayed quality test approval for the supply of its high-bandwidth memory (HBM) chips to U.S. AI chip giant Nvidia Corp.
In contrast, SK hynix shares continued to rise on an HBM supply deal with Nvidia’s robust third-
quarter earnings results.
SK hynix began mass production of 12-layer HBM chips, the first in the world, solidifying its competitive edge over rivals.
The company plans to supply new 36-gigabit 12-layer HBM3E chips to its customers, including Nvidia, within the year.
Source: Emirates News Agency