Samsung, SK Hynix Drive Kospi to Record Highs on AI Chip, Data Center News
Samsung Electronics and SK Hynix, two major South Korean tech giants, have driven the Kospi index to new heights. Their shares surged by 4.6% and 10.3% respectively, following significant developments in AI chip development and data center establishment by these tech companies. The Kospi index was prominently displayed in a Hana Bank dealing room in Seoul on October 2, reflecting the market's enthusiasm for these companies' latest endeavours. Samsung Electronics and SK Hynix have teamed up with OpenAI to develop cutting-edge AI chips, a move that has been warmly received by investors. Additionally, the establishment of new data centers in South Korea by these companies has further boosted their shares and contributed to the overall surge of the Kospi index. The partnership with OpenAI and the data center expansion have significantly contributed to the rise of Samsung Electronics and SK Hynix's shares, ultimately driving the Kospi index to record highs.
