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South Korea's SK Hynix has become the second company in the country to hit a $1 trillion market cap, joining the club amid a surge in AI chip demand. The stock has soared 240% since early 2026, and the company posted record quarterly profits.
China’s cheap electricity and massive renewable buildout give it a strategic edge in the AI race, enabling faster data-center construction than the US. While America dominates advanced chip access, power constraints are slowing its data-center expansion. The AI race is now as much about energy as it is about chips.
