SK Hynix Dethrones Samsung, Apple Warns of Price Hikes
SK Hynix surpassed Samsung to become Korea's most valuable firm. Apple says chip shortages make price hikes unavoidable.
SK Hynix just pulled off one of the biggest upsets in Korean corporate history. The memory chipmaker's shares climbed enough to push its market cap to $1.35 trillion, edging past Samsung Electronics — which had held the top spot since 2000. That also makes SK Hynix the world's most valuable memory chipmaker. AI is driving this whole story: surging demand for chips is reshaping who wins and who scrambles.
Apple fans, brace your wallets. CEO Tim Cook told the Wall Street Journal that price hikes on Apple products are now unavoidable. Cook said the company fought hard to absorb rising costs and protect consumers, but the AI-fueled chip shortage has made that impossible to sustain. When the most cash-rich company on earth says it can't hold the line on prices, believe it.
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Intel got a shot of adrenaline after President Trump announced a new chip design and manufacturing partnership between Intel and Apple. The U.S. government holds a 10% stake in Intel, and Trump framed the deal as part of a broader push to bolster the American chipmaker. A locked-in customer like Apple could meaningfully stabilize Intel's revenue and rebuild its battered reputation in the industry.
Meanwhile, Meta is playing defense in Washington. The social media giant is lobbying lawmakers for legal protections tied to child-harm lawsuits targeting its platforms. Reuters reviewed draft proposals linked to the Kids Online Safety Act, currently in the Senate, which would push companies to rethink addictive features like infinite scrolling and appearance-altering filters for minors. Meta clearly wants a seat at the table before that bill gets teeth.
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