SK Hynix opened trading at $170 on the Nasdaq, with its chairman telling CNBC that demand is 'enormous.' CNBC reported the memory chipmaker has reached a trillion-dollar market capitalisation, serving customers including Nvidia and Apple.
Key facts
- SK Hynix opened at $170 on the Nasdaq, according to CNBC.
- The company's chairman told CNBC that demand is 'enormous.'
- CNBC reported SK Hynix has reached a trillion-dollar market capitalisation.
- CNBC reported its customers include Nvidia and Apple.
SK Hynix opened trading at $170 on the Nasdaq, marking a milestone for the South Korean memory chipmaker, according to CNBC.
In comments to CNBC, the company’s chairman described current conditions by saying that demand is ‘enormous.’
According to CNBC, SK Hynix has reached a trillion-dollar market capitalisation, placing it among the world’s most valuable companies.
CNBC reported that the company’s customers include Nvidia and Apple.
Why it matters
CNBC reported that SK Hynix has reached a trillion-dollar market capitalisation while supplying memory chips to major technology firms including Nvidia and Apple.
Frequently asked questions
What price did SK Hynix open at on the Nasdaq?
According to CNBC, SK Hynix opened at $170 on the Nasdaq.
What did the SK Hynix chairman say about demand?
The chairman told CNBC that demand is 'enormous.'
Which major companies does SK Hynix serve?
CNBC reported that SK Hynix's customers include Nvidia and Apple.