Samsung Hits $1 Trillion Valuation Amid Apple Chip Diversification Talks
Samsung today reached a valuation of $1 trillion for the first time, reports Bloomberg. Samsung's value has been climbing sharply due to increasing demand for the memory chips it manufactures, and stock increased 14.4 percent today. Samsung is the second Asian firm after Apple supplier TSMC to reach a $1 trillion valuation. Last week, Samsung's semiconductor manufacturing business wildly exceeded analyst expectations, reporting operating income of $36 billion instead of the $...
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