Samsung Soars: Semiconductor Surge Sparks Shares
Shares of South Korea’s leading chipmaker, Samsung Electronics, reached a new peak on Thursday, fueled by investor optimism in the semiconductor sector. The company’s stock rose by as much as 2 percent, according to Reuters.
At 9:22 a.m. local time on the Seoul Stock Exchange, Samsung shares were trading at 95,900 won (approximately $67.52) each, having earlier touched 96,900 won—surpassing its previous record of 96,800 won set on January 11, 2021.
As the world’s largest memory chip manufacturer, Samsung has achieved an 80 percent increase in its share value so far this year.
Analysts attribute the surge to Samsung’s aggressive investment in artificial intelligence and advanced chip production, which has bolstered investor confidence and propelled the company to a record high.
