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Fri, 10 Jul 2026

Fri, 10 Jul 2026 Chip giant SK Hynix raises $26.5bn in mega US share sale

The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm.
SK Hynix, a South Korean computer chip maker and key supplier to AI giant Nvidia, raised $26.5 billion (£19.8 billion) in its New York share offering, the largest ever listing by a foreign firm in the US. The company sold 177.9 million American depositary shares for $149 each. Shares are set to begin trading on Friday on the Nasdaq. SK Hynix's market value exceeded $1 trillion in May, driven by demand for AI chips. Its share price has more than tripled in South Korea this year. The company is one of the world's leading memory chip makers and a major player in the AI supply chain. The US listing provides SK Hynix with easier access to investment from the world's biggest economy, which has fewer barriers than South Korea. Traders are closely watching the listing as a "yardstick" for investor enthusiasm for memory chip makers. Demand for the shares was reportedly over seven times more than the number available, highlighting strong investor appetite for a key company in the AI supply chain. The offering gives US investors a way to buy SK Hynix shares without trading via an overseas stock exchange. SK Hynix has pledged major investments to develop South Korea's chip making and AI capabilities in the coming years. The country's government is likely to benefit from the listing, which could raise funds for domestic investments.