SK Hynix files for $29 billion Nasdaq listing to expand AI chip production
On June 24, 2026, South Korea’s SK Hynix filed for a $29.4 billion American depositary receipt (ADR) listing on Nasdaq, one of the largest share sales in history. The funds will finance memory chip fabrication expansion in South Korea and a $4 billion packaging plant in Indiana, plus ASML equipment purchases. The company, a key HBM supplier to Nvidia and Google, has overtaken Samsung as South Korea’s most valuable firm amid surging AI demand. Trading is expected July 10.
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SK Hynix's $26.5 Billion U.S. Listing Ranks Second Only to SpaceX in U.S. Market History
South Korean semiconductor giant SK Hynix completed a $26.5 billion U.S. initial public offering on the Nasdaq on July 10, 2026, making it the second-largest IPO in U.S. history behind SpaceX's $75 billion listing. The company's shares rose 13% on debut. SK Hynix, the world's second-largest memory chipmaker and leader in high-bandwidth memory with a 58% market share, plans to use the proceeds to build new fabrication and packaging facilities in South Korea and acquire advanced EUV lithography equipment. CEO Kwak Noh-Jung warned that memory supply crunch will worsen in 2027, with demand exceeding production capacity into the next decade. The company aims to double wafer production capacity over five years, investing over $700 billion long-term. The global memory market is projected to grow from $225 billion in 2025 to $1.28 trillion by 2027, positioning SK Hynix for significant growth.
Yahoo FinanceSK Hynix Sets Record with $26.5 Billion U.S. Debut; Analysts Weigh In on SKHY Stock
SK Hynix (SKHY) made a historic U.S. stock market debut on July 10, 2026, raising $26.5 billion in the largest first-time share sale by a foreign company in the United States. The South Korean semiconductor giant, a key supplier of high-bandwidth memory (HBM) for AI applications, priced 177.9 million ADRs at $149 each. The IPO surpassed Saudi Aramco's 2019 listing and Alibaba's New York debut. The company reported stellar Q1 FY2026 earnings with revenue surging 198.1% year-over-year to ₩52.6 trillion ($35 billion) and a record operating profit of ₩37.6 trillion ($25.1 billion), achieving a 72% operating margin. SK Hynix holds a net cash position of ₩23.3 billion. Analysts suggest the ADR could trade at a premium, potentially closing the valuation gap with rival Micron Technology. The IPO was led by Bank of America, Citigroup, Goldman Sachs, and J.P. Morgan, who collectively earned nearly $260 million in fees.
Yahoo FinanceWhy AI Investors Can Finally Buy the World's Top HBM Maker Directly
SK Hynix (NASDAQ: SKHY), the South Korean leader in high-bandwidth memory (HBM) used in AI systems, began trading on the Nasdaq after a record-breaking $26.5 billion IPO, the largest first-time US listing by a foreign company. The company controls over half the HBM market and is a critical supplier to Nvidia. Previously, US investors could only access SK Hynix through thinly traded over-the-counter receipts or Korean listings. The new Nasdaq listing provides liquid, direct access, potentially boosting valuation similar to Taiwan Semiconductor Manufacturing. The IPO saw intense demand with orders reportedly seven times the shares available, and the stock opened roughly 17% higher. This development removes friction for AI investors seeking exposure to the memory chip supply chain.
Yahoo FinanceSK Hynix Raises $26.5 Billion in Second-Biggest Share Sale Ever on Nasdaq
South Korean memory-chip giant SK Hynix raised $26.5 billion in a Nasdaq listing, making it the second-largest share sale in history and the biggest first-time U.S. listing by a foreign company, surpassing Alibaba's 2014 debut. The company sold 177.9 million American depositary receipts at $149 each, with demand reportedly seven times the shares on offer. The stock opened about 17% above its offering price. SK Hynix is a leading supplier of high-bandwidth memory (HBM) crucial for AI accelerators, holding over half the market and supplying Nvidia. The listing signals a reopening of the Asia-to-Wall Street pipeline, with other Asian tech firms expected to follow. However, the debut came amid a memory bear market that saw $1.5 trillion in chip-sector value evaporate, highlighting the cyclical nature of the industry.
Yahoo FinanceSK Hynix Historic U.S. Listing Signals Strong AI Demand
SK Hynix (SKHY), the South Korean memory chipmaker and world's top supplier of high-bandwidth memory (HBM) chips for AI systems, completed a historic $26.5 billion U.S. share sale on the Nasdaq, the third-largest first-time listing in U.S. history. The offering was more than seven times oversubscribed, with nearly $200 billion in total demand. SKHY ADRs closed their first trading session at $168.01, a 13% gain from the IPO price of $149. CEO Kwak Noh Jung stated that HBM is at the heart of the AI revolution, and expects the memory deficit to stretch beyond 2030. The company, which posted a loss in 2023, reported a profit of roughly $26.5 billion in Q1 2026. Proceeds will be used to expand factory capacity and purchase EUV equipment. Analysts project significant revenue and earnings growth through 2028.
Yahoo FinanceSK Hynix's $26.5 Billion U.S. Debut and Its Impact on the AI Trade
SK Hynix made a landmark U.S. stock market debut via an American Depositary Receipt (ADR) listing, priced at $149 and closing at $168.01, a 13% gain, giving it a $1.2 trillion market valuation. This listing provides American investors direct access to South Korea's booming chip market, which had been largely inaccessible. SK Hynix dominates the high bandwidth memory (HBM) market, crucial for AI systems, and partners with Nvidia. The company's 2025 revenue was nearly $65 billion with profits doubling to $28 billion. The U.S. accounts for 68.8% of its revenue, and it is building its first U.S. production facility in Indiana. The listing is part of a broader AI-fueled IPO boom, where global IPO proceeds hit a record $136 billion in Q2 2026 despite a drop in the number of listings.
Yahoo FinanceSK Hynix debut is a bet that AI breaks boom-and-bust chip cycle
SK Hynix, a major semiconductor and memory chip company, made its debut on the Nasdaq market in New York City on July 10, 2026. The company raised US$26.5 billion through its offering, with a significant portion of the funds allocated to expanding chip manufacturing capacity. The article frames this move as a strategic bet that the growing demand for artificial intelligence (AI) will fundamentally alter the traditionally cyclical nature of the semiconductor industry, potentially breaking the historical pattern of boom-and-bust cycles. The report, published by The Business Times Singapore, highlights investor confidence in AI-driven demand as a stabilizing force for chipmakers.
The Business TimesSK Hynix Debut Is a Bet That AI Breaks Boom-and-Bust Chip Cycle
SK Hynix, a major semiconductor and memory chip company, made its debut on the Nasdaq market in New York City on July 10, 2026. The company raised US$26.5 billion through its offering, with a significant portion of the funds allocated to expanding chip manufacturing. The article frames this move as a strategic bet that the growing demand driven by artificial intelligence (AI) will disrupt the traditional boom-and-bust cycle that has historically characterized the chip industry. The listing and capital raise signal investor confidence in AI's sustained impact on semiconductor demand, potentially leading to more stable growth for chipmakers.
The Business TimesSK Hynix's Nasdaq Debut Becomes Largest U.S. Listing by a Foreign Company
SK Hynix, a South Korean memory semiconductor company, made its Nasdaq debut on July 10, 2026, raising $26.5 billion in the largest first-time U.S. listing by a foreign company, surpassing Alibaba's record. The company sold American depositary receipts (ADRs) at $149 each, with the stock trading around $170 shortly after. Demand was reportedly seven times higher than available shares. SK Hynix is a key player in high-bandwidth memory (HBM) for AI data centers, holding a 56.4% global HBM market share in Q1 2026. Its revenue reached $34.5 billion in Q1 2026, more than half of its 2025 total. The listing gives U.S. investors direct access to a stock that had previously only traded on the Korean Exchange, where it had risen over 630% in the past year. Risks include concentration in U.S. and Chinese customers.
Yahoo FinanceSK Hynix's Nasdaq Debut Becomes Largest U.S. Listing by a Foreign Company
SK Hynix, a South Korean memory semiconductor company, made its Nasdaq debut on July 10, 2026, raising $26.5 billion in the largest first-time U.S. listing by a foreign company, surpassing Alibaba's record. The company sold American depositary receipts (ADRs) at $149 each, with the stock trading around $170 shortly after. Demand was reportedly seven times higher than available shares. SK Hynix is a key player in high-bandwidth memory (HBM) for AI data centers, holding a 56.4% global HBM market share in Q1 2026. Its revenue for Q1 2026 was $34.5 billion, more than half of its 2025 total of $63.7 billion. The listing provides U.S. investors direct access to a stock previously only available on the Korean Exchange, where it had risen over 630% in the past year. The article notes concentration risk due to substantial sales to a few customers.
Yahoo FinanceSK Hynix Pulls Off Second-Largest U.S. Share Sale Amid AI Boom
South Korean memory chip maker SK Hynix successfully completed the second-largest U.S. share sale in history, raising billions through its Nasdaq debut. The stock closed roughly 13% higher on its first trading day, reflecting strong investor demand fueled by the artificial intelligence boom. SK Hynix is a key supplier of high-bandwidth memory (HBM) chips used in AI data centers. The company's chairman told CNBC that demand is 'enormous.' However, the CEO also issued a grim outlook, warning that 2027 will be the 'worst year' for memory shortages and that the supply crunch could last until 2030. The listing is seen as a historic move for a South Korean chipmaker and has jolted global semiconductor stocks.
Top stories - Google NewsSK Hynix shares jump in marquee US debut as AI euphoria persists
SK Hynix, the South Korean memory chip maker, made a historic debut on the Nasdaq on Friday, with shares closing roughly 13% higher. The strong performance reflects persistent investor enthusiasm for artificial intelligence, as the company is a key supplier of high-bandwidth memory chips used in AI applications. SK Hynix's chairman told CNBC that demand for their products is 'enormous.' The listing is seen as a marquee event, and new ETFs tracking the stock are expected to launch on Monday. The debut jolted the broader semiconductor sector, underscoring the market's continued focus on AI-driven growth.
Top stories - Google NewsSK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers record IPO
South Korean memory chip giant SK Hynix made a strong Wall Street debut on July 10, 2026, with its American depositary receipts (ADRs) surging nearly 13% on the first day of trading. The company priced its ADRs at $149 each on Thursday, and they opened at $170 on Friday before closing at $168.01. The successful listing represents the biggest initial share sale in the United States by a foreign company, driven by investor enthusiasm for artificial intelligence-related stocks. SK Hynix is a major supplier of high-bandwidth memory chips used in AI data centers, benefiting from the ongoing AI boom that has boosted demand for advanced semiconductors.
Fortune | FORTUNESouth Korean Memory Chip Maker’s Historic U.S. Debut Jolts Stocks
SK Hynix, a South Korean memory chip maker, made a historic U.S. trading debut on July 10, 2026, with its American depositary receipts surging 13%. The company completed a $26.5 billion U.S. share sale, the largest ever by a foreign company. Its market value reached $1.2 trillion, surpassing U.S. chip makers Micron Technology and Advanced Micro Devices. The debut helped revive investor appetite for AI-related stocks, capping a volatile week for major indexes which edged higher on Friday.
Yahoo FinanceStocks Climb as SK Hynix Rallies in U.S. Trading Debut
SK Hynix, the South Korean memory-chip maker, made a historic U.S. trading debut on July 10, 2026, with its American depositary receipts surging 17% to $173.75. The rally followed a blockbuster $26.5 billion offering, the largest-ever U.S. share sale by a foreign company. The event is seen as a test of investor appetite for the AI trade, given SK Hynix's role in the semiconductor supply chain. The broader stock market climbed alongside the debut, reflecting positive sentiment.
Yahoo FinanceHow to Play SKHY Stock Following the SK Hynix IPO
SK Hynix (SKHY) made a historic Nasdaq debut on July 10, 2026, raising $26.5 billion in the largest-ever U.S. IPO by a foreign company. The offering consisted of 177.9 million ADS priced at $149 each, with shares currently trading around $173. The article argues SKHY remains attractive due to its dominant 56.4% share in the high-bandwidth memory (HBM) market, critical for AI accelerators like Nvidia's chips. The company posted Q1 revenue of $34.8 billion, nearly triple year-over-year. Management plans to use IPO proceeds to expand capacity and build an advanced chip-packaging plant in Indiana by 2028. With a price-to-sales multiple under 5x, SKHY is considered cheaper than rival Micron. Wall Street analysts have not yet initiated coverage on the Nasdaq-listed shares, but the South Korean-listed stock holds a consensus 'Buy' rating with significant upside potential.
Yahoo FinanceSK Hynix raises $26.5B in largest foreign IPO in US history, urged to build new US fabs
South Korean memory chip giant SK Hynix raised $26.5 billion in its US market debut on the Nasdaq, the largest-ever IPO by a non-American company, surpassing Alibaba's 2014 record. The company sold 177.9 million American depositary shares at $149 each, with demand exceeding supply by more than seven times despite a 2.7% premium over its Seoul listing price. The funds will be used for a new fab in South Korea, a packaging facility, and EUV scanners to address AI-driven memory shortages. Meanwhile, US Commerce Secretary Howard Lutnick urged SK Hynix and Samsung to build factories in the US to reduce South Korea's dominance in memory chip production. Competitor Micron announced a $250 billion US manufacturing investment plan. The IPO's success highlights the AI chip boom and SK Hynix's critical role as a key supplier of high-bandwidth memory for Nvidia's AI GPUs.
Yahoo FinanceSK hynix Surges 14% in Nasdaq Debut, Topping SpaceX's IPO Performance
SK hynix, the South Korean memory chipmaker, raised $26.5 billion in its Nasdaq American Depositary Receipt (ADR) offering, marking the largest-ever foreign U.S. listing. The deal was seven times oversubscribed, pricing at $149 per share. Shares opened at $170, a 14% gain that surpassed SpaceX's 11% debut pop. The strong demand reflects institutional appetite for AI-adjacent hardware exposure, particularly in high-bandwidth memory. The proceeds will fund capacity expansion and advanced-node conversion. SpaceX, which debuted earlier, has since pulled back nearly 6% from its $150 open, trading at $148.64 with a $1.96 trillion market cap. Reddit sentiment on SKHY was bullish but with low retail activity, indicating institution-led demand.
Yahoo FinanceSK Hynix ADR Opens at $170 on Nasdaq After Record $26.5B Offering
SK Hynix, the South Korean memory chipmaker, made its Nasdaq debut on July 10, 2026, with American depositary receipts (ADRs) opening at $170 per share, a 14% gain above the $149 offering price. The company raised $26.5 billion in the largest U.S. share sale ever by a foreign company. Demand exceeded supply by more than seven to one. Three cornerstone investors—Baillie Gifford, Coatue Management, and Situational Awareness Partners—took about $5 billion in ADRs. The ADRs trade under temporary symbol SKHYV until July 13, then become SKHY. Proceeds will fund extreme ultraviolet lithography machines and new production facilities. SK Hynix is the top global supplier of high-bandwidth memory (HBM) chips used in AI processors from Nvidia and AMD. Chairman Chey Tae-won called the listing 'a dream come true' and signaled possible future U.S. share issuance. The company's Seoul-listed shares have surged about 630% year-over-year despite a recent pullback.
Yahoo FinanceSK Hynix Surges 17% in Record-Setting U.S. Nasdaq Debut
South Korean chipmaker SK Hynix made a historic Nasdaq debut on July 10, 2026, surging 17% to around $174.50 per ADR. The company raised $26.51 billion through its American depository receipt (ADR) offering, making it the largest U.S. share sale ever by a foreign company and the third-largest debut on record after SpaceX and Saudi Aramco. The offering was more than seven times oversubscribed. SK Hynix's market value reached $1 trillion, making it South Korea's second-largest firm behind Samsung. The funds will be used to expand chipmaking facilities and purchase advanced equipment. The company has become the leader in high-performance memory used in AI chips from Nvidia, holding over 56% of the global high-bandwidth memory market. Option trading is expected to begin two business days after the debut.
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