Samsung Electronics' market value surpassed 1,000 trillion won (about $6.88 billion) on Wednesday, the first time ever.

Amid the AI boom, the South Korean tech giant became the first company in South Korea to reach this milestone.

Following a remarkable 125% surge last year, Samsung's stock price has risen approximately 41% this year. The company predicts that the demand for storage chips will remain strong in the future. Additionally, Samsung announced that its next-generation high-bandwidth memory (HBM) chips, known as HBM4, are expected to begin delivery in this quarter.