South Korean chip firm SK Hynix raises $26.5B in US IPO

South Korean Chipmaker SK Hynix Raises $26.5 Billion in US Listing Fueled by AI Chip Demand

GuardianSK Hynix, the South Korean memory chip manufacturer that is a critical supplier of high-bandwidth memory for Nvidia's AI accelerator business, raised $26.5 billion in a major US stock listing, one of the largest foreign company debuts on American markets. The listing reflects surging investor appetite for companies directly supplying the AI computing boom, positioning SK Hynix alongside TSMC and Samsung as a key infrastructure provider for the AI era. The trillion-dollar company's US debut marks a deepening integration of Asian semiconductor giants with US capital markets as demand for advanced chips continues to outpace supply. Analysts described the listing as a major test of whether enthusiasm for AI-related equities remains strong after a significant run-up in sector valuations.