SK Hynix raises $26.5 billion in mega US share sale as it hits Nasdaq
South Korean chip giant SK Hynix raised $26.5 billion in a U.S. share sale, one of the largest listings yet in the red-hot memory chip market. The deal gives American investors a straightforward way to bet on surging AI-driven demand for memory chips.
South Korean memory chip giant SK Hynix raised $26.5 billion in a U.S. share sale, giving investors a straightforward way to bet on the red-hot memory chip market. The company priced its American Depositary Receipts at $149 each, marking one of the largest listings yet in the sector.
The offering comes as demand for high-bandwidth memory chips used in AI servers pushes global chip prices higher. SK Hynix is a key supplier of critical components to AI hardware makers such as Nvidia, and its U.S. listing is being read as a sign of growing Wall Street appetite for South Korea's technology giants.
Analysts are watching closely whether the listing helps narrow the long-debated 'Korea discount,' the tendency for Korean firms to trade at lower valuations than global peers. The stock's first day of trading on Nasdaq will serve as an early test of investor demand.
Read next
Fed's Kevin Warsh Taps Marc Andreessen, Doug McMillon for Reform Task Forces
Federal Reserve Chairman Kevin Warsh on Thursday named the outside experts who will sit on five task forces set up to examine the central bank's operations, including venture capitalist Marc Andreessen and Walmart CEO Doug McMillon. The panels are expected to review the Fed's approach to everything from bank supervision to its use of artificial intelligence. The appointments mark one of Warsh's most concrete steps yet to reshape the institution since taking the chairmanship.
China unveils high-power microwave weapons reaching 100 gigawatts
Palo Alto CEO Arora says AI pricing must fall 90% as token costs soar
Taiwan's exports rise nearly 50% in first half on AI-driven demand
