Samsung’s market value hits lowest point in nine years

Samsung Electronics is facing tough times as its market value has dropped to a nine-year low. The company’s stock price has been under pressure for a while, mainly because of struggles in its semiconductor business, which is a key part of its profits. This has led to a significant decline in Samsung’s overall worth, now at around $252 billion (345.1 trillion won) as of last week.

Investors are losing confidence in Samsung’s ability to bounce back, especially as its rival, SK Hynix, is doing much better. SK Hynix has seen its market value rise sharply, reaching nearly half of Samsung’s. Over the past year, Samsung’s stock has fallen by almost 27%, while SK Hynix’s stock has climbed by over 11%. This gap shows how SK Hynix is taking advantage of Samsung’s challenges, particularly in the memory chip market.

Samsung’s difficulties come from multiple issues, including weaker demand for its chips and increased competition. The company has been a leader in electronics for years, but these setbacks are hurting its position. While Samsung still holds a strong spot in the global market, the growing success of competitors like SK Hynix is a warning sign. If Samsung doesn’t address these problems soon, it risks falling further behind in the fast-changing tech world.