semiconductor / news / / The Straits Times
The milestone came as the South Korean company’s shares rallied as much as 12 per cent on May 6.
Samsung Electronics has surpassed a $1 trillion market valuation, joining only TSMC in Asia.
KEY POINTS
- 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
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