SK Hynix is going where the money is. The South Korean memory chipmaker announced plans to raise approximately $29.4 billion through a Nasdaq listing of American Depositary Receipts, marking one of the largest US listings in recent memory and a direct bet that American investors are hungry for exposure to the AI chip supply chain.
The company plans to issue 17.79 million new shares, with trading expected to begin on July 10, 2026. In Korean won, that’s 45.45 trillion.
Why now, and why the US
The timing is not accidental. SK Hynix’s stock has surged more than 300% in 2026 alone, briefly making it the most valuable company in South Korea, a title historically reserved for Samsung Electronics.
SK Hynix is the dominant supplier of high-bandwidth memory chips, the specialized DRAM that sits inside every major AI accelerator. Nvidia needs them. Google needs them. Every company building out AI data centers needs them.
