# The milestone came as the South Korean company’s shares rallied as much as 12 per cent on May 6.

*semiconductor · news · 2026-05-06 · The Straits Times*

## Key points

- Samsung Electronics has surpassed a $1 trillion market valuation, joining only TSMC in Asia.
- Samsung's chip division reported a 48-fold profit jump last quarter due to AI data center demand.
- Apple has explored using Samsung as a US-based supplier for its main processors, diverging from TSMC.
- Workers at Samsung are threatening an 18-day general strike in May over profit-sharing demands.
- Samsung stock trades at 5.9 times forward earnings, significantly lower than the 14.4 times in October.

**Companies:** Samsung Electronics, Taiwan Semiconductor Manufacturing Co., SK Hynix
**Countries:** South Korea, Taiwan, United States

[Read the full story on The Straits Times](https://www.straitstimes.com/business/companies-markets/samsung-hits-us1-trillion-in-market-value-on-ai-chip-boom)

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