January 13, 2020 12:46
Fueled by expectations of a recovery in semiconductor prices, Samsung Electronics shares rose to record levels last week, propelling it into the global top 20 companies in terms of market capitalization.
According to Bloomberg on Sunday, Samsung ranks 18th in the world in terms of market cap based on its closing price on Jan. 9, up 10 notches from 2018.
Samsung shares rose to the highest price since it was listed in June of 1975, surging 51 percent over the past year. Its total market cap rose to US$301.7 billion, up almost W120 trillion over the same period (US$1=W1,162).
Samsung is now richer than Intel (26th), AT&T (22nd) and Verizon (27th).
But Samsung remains the only Korean company in the global top 100. SK Hynix, ranked second domestically, did not even come close.
Worldwide, Saudi Arabia's state-run oil firm Aramco shot to the top as soon as it went public in December, followed by Apple, Microsoft, Google parent company Alphabet, Amazon and Facebook.
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