Delta Electronics (Thailand) rose more than 80 percent in 2024 to become Thailand’s first company valued above $100 billion, exceeding the combined market capitalization of the next four largest Thai stocks and ranking as Southeast Asia’s second-most valuable firm in the MSCI Asean Index behind DBS Group Holdings. The company manufactures power-management systems for servers and data centers. Separately, SK Hynix filed for a Nasdaq listing seeking to raise $29 billion.