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SK Hynix targets 2,000 trillion won market cap following HBM success for AI infrastructure
Thursday, February 5, 2026 at 07:48 AM
SK Group Chairman Chey Tae-won outlined a vision to increase SK Hynix market capitalization to 2,000 trillion won, emphasizing its transition from a memory underdog to a central supplier in the AI ecosystem through HBM leadership. The company's strategy involves sustained high-risk investment in technology that was loss-making for a decade but is now essential for Nvidia AI accelerators.
Context
SK Inc. Chairman Chey Tae-won has announced an ambitious long-term valuation target of 2,000 trillion won for SK Hynix, following its successful pivot into the core of AI infrastructure. This vision builds on a historic growth trajectory where the company’s market cap rose from 13 trillion won in 2011 to a projected 640 trillion won by 2026. The primary driver is the firm's decade-long commitment to HBM (High Bandwidth Memory), a technology that has transformed the company from a cyclical commodity chipmaker into an indispensable partner for the global AI ecosystem.
As the leading supplier of high-spec memory for Nvidia’s AI accelerators, SK Hynix has effectively secured a strategic moat within the semiconductor supply chain. This transition matters to investors because it moves the company toward a high-margin, bespoke business model where its products are functionally irreplaceable for large-scale AI computing. The 2,000 trillion won target reflects a bold bet that the company will continue to outpace traditional memory rivals by maintaining its dominance in the next generation of AI hardware.
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