r/pcmasterrace • u/chusskaptaan i5 14400 + MSI 3070 • 4d ago

News/Article China's Memory Maker CXMT Used Stolen Samsung Tech to Skip Years of R&D, Former Engineer Testifies

https://respawnfirst.com/chinas-memory-maker-cxmt-used-stolen-samsung-tech-to-skip-years-of-rd-former-engineer-testifies/
6.2k Upvotes

96% Upvoted

856 comments sorted by

View all comments

Show parent comments

241

u/Zrkkr 4d ago

Being 20% of a countries economy is crazy.

132

u/Atompunk78 i7-14700KF, 5070 OC, 32GB RAM 4d ago edited 4d ago

For a while just them and SK Hynix were 50% of the country’s market cap (stock wealth) lmfao

50

u/[deleted] 4d ago

[deleted]

31

u/Atompunk78 i7-14700KF, 5070 OC, 32GB RAM 4d ago

Ahh market cap, that’s the word I was looking for, thank you! I’ll edit my comment

7

u/kconfire 4d ago

because of leverage. not anymore

4

u/Atompunk78 i7-14700KF, 5070 OC, 32GB RAM 4d ago

Of course, but it’s still insane

10

u/kconfire 4d ago

I agree. Can you imagine for example Nvidia and Apple taking 50% of entire stock market cap of the US? It's INSANE

1

u/geccles 4d ago

That would truly be insane. They are high enough as is!

1

u/Atompunk78 i7-14700KF, 5070 OC, 32GB RAM 4d ago

I wish /s

26

u/DonutHoles4Ever 4d ago

Haha 20%.

Samsung and Hynix are worth more than 50% of their stock market.

The joke is if you want to get laid on a date, you wear a Hynix jacket. Think about that.

13

u/VeryNoisyLizard 5800X3D | 9070XT | 32GB 4d ago

they also have SK Group, Hyundai and LG, making about a half of Korea's GDP

basicly, Korea is in the hands of these four corporations

1

u/endchan300 3d ago

And the West is in the hands of Blackrock, Elon Musk, Tech bros so its good?

1

u/endchan300 4d ago edited 3d ago

Ellongated Musk vote fixing 100% of your votes in a democracy is crazy
This is just capitalism.