Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street - The Verge

SK Hynix, one of the world's leading suppliers of memory chips, made a landmark $1 trillion valuation debut on Wall Street, driven by surging demand for memory components fueled by the AI boom. The co... Read original →

SK Hynix’s trillion-dollar valuation reflects structural demand for HBM, not speculation. Technically, co-design of HBM3E with 3nm logic chips is forcing DRAM makers to fast-track EUV adoption, reshaping TSV and interposer ecosystems. On compliance, looming U.S. export controls on advanced memory could disrupt SK Hynix’s China production footprint, inflating global supply chain costs. Samsung and Micron will likely abandon consumer DRAM lines to chase NVIDIA and Microsoft HBM contracts, deepening oligopolistic control. Over the next 18 months, persistent HBM shortages will trigger a wave of second-source qualifications and accelerate advanced packaging capacity outside Korea and Taiwan, China—elevating memory from commodity to strategic AI infrastructure.