Samsung Electronics Overtakes Bitcoin to Reach No. 13 in Global Market Value Rankings
Suehyeon Lee
Summary
- Samsung Electronics overtook Bitcoin to rank 13th globally by market capitalization.
- Bitcoin slipped one spot to 14th in the global market capitalization rankings.
- The move appears to reflect a sharp increase in the corporate value of South Korea’s semiconductor companies amid expectations for stronger demand for artificial intelligence (AI) semiconductors.
Forecast Trend Report by Period
Samsung Electronics Co. overtook Bitcoin to rank 13th globally by market capitalization.
CompaniesMarketCap, which tracks the market value of global assets and companies, showed on June 1 that Samsung Electronics ranked 13th in the world by market capitalization.
Bitcoin slipped one spot to 14th. SK Hynix Inc. ranked 15th, just behind Bitcoin.
The shift appears to reflect a sharp increase in the value of South Korean chipmakers amid expectations for stronger demand for artificial intelligence semiconductor products.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
