SK Hynix's Nasdaq debut stakes a claim in the AI memory race
SK Hynix debuted on Nasdaq after raising about $26.5 billion, the largest U.S. listing by a foreign company and the second-largest U.S. share sale, as the memory-chip maker rides the AI training wave with its high-bandwidth memory (HBM) chips used in Nvidia processors. Holding roughly 60% of the global HBM market, SK Hynix has benefited from a persistent memory shortage that has lifted prices across the sector, and HSBC says the listing could lift its valuation by up to 20%. The company plans to double capacity in five years and sits at the center of Korea's chip rally alongside Samsung, even as regulators weigh concerns about market concentration and governance in chaebol giants.
