Samsung crosses $1 trillion valuation as chip stocks surge

SEOUL, South Korea: Samsung Electronics has crossed the US$1 trillion market capitalization mark, becoming only the second Asian company to reach the milestone after TSMC. The world's largest memory chipmaker saw its market value climb to about 1,500 trillion won ($1. 03 trillion) in early trading on May 6, buoyed by a global rally in artificial intelligence-related stocks.