SK Hynix rises to 2nd in South Korea market cap on chip recovery

Battery-related company valuations fall as EV sales lag expectations

20240104N SK hynix

SK Hynix produced the biggest jump in market cap among the Korean Exchange's top 10 companies, rising 89% in 2023. (SK Hynix)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- South Korean chip giant SK Hynix claimed second place in the Korea Exchange's market capitalization ranking at the end of 2023, part of a recovery in semiconductor stocks that comes as the country's battery makers see a lull in growth.

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