SK Hynix Tops Samsung; Apple Warns of Imminent Price Hikes
SK Hynix surpassed Samsung as South Korea's most valuable company, while Apple's Tim Cook confirmed price increases driven by chip shortages.
SK Hynix dethroned Samsung Electronics this week, seizing the title of South Korea's most valuable listed company and simultaneously becoming the world's most valuable memory chipmaker. The company's share surge pushed its market capitalization to $1.35 trillion, edging past Samsung — a firm that had held the top spot since 2000. The shift signals a dramatic reshaping of power within the global semiconductor industry.
Apple CEO Tim Cook warned in a Wall Street Journal interview that the company can no longer absorb rising component costs and will raise prices on its products. A surge in AI-driven demand has created fierce competition among consumer electronics makers scrambling to lock in chip supplies, sending prices sharply higher. Cook said Apple had worked to shield customers from those cost pressures, but conceded that further delays were no longer feasible.
Read more Omnicom and Disney Team Up to Cut Repetitive Streaming Ads →
Intel shares climbed sharply after President Donald Trump announced a new chip design and production partnership between Intel and Apple. Trump framed the deal as part of a broader effort to bolster Intel, in which the U.S. government holds a 10% stake. The arrangement could provide Intel with a reliable demand stream from one of the world's largest technology buyers while lifting the chipmaker's commercial profile.
Meta, meanwhile, is quietly lobbying Congress for legal protections against a mounting wave of child-harm lawsuits, according to a source cited by Reuters. The social media giant is seeking legislative language tied to the Kids Online Safety Act — currently before the Senate — that would limit liability for certain claims involving minors' safety and privacy. Reuters reviewed draft proposals that would also require platforms to take greater care when launching features such as infinite scrolling and appearance-altering filters.
Continue reading at Yahoo
