Good morning. Another major AI supply-chain company is launching a U.S. listing. South Korean memory-chip maker SK Hynix, a key Nvidia supplier, is expected to begin trading on the Nasdaq this Friday.
This follows Elon Musk’s SpaceX, which went public on June 12, listing on the Nasdaq Global Select Market under the ticker SPCX. The IPO is said to have raised about $86 billion, making it the largest IPO in financial market history.
According to regulatory filings, SK Hynix is aiming to raise approximately $28 billion via Nasdaq-listed American Depositary Receipts. The company is a leading supplier of high-bandwidth memory. Unlike TSMC, which produces logic chips, SK Hynix focuses on memory—specifically DRAM (system memory) and NAND flash (storage used in solid-state drives).“This is a positive indicator of the AI trade, with Korea chip plays now front and center,” Tech analyst Dan Ives told CFO Daily in an email about SK Hynix’s move to list on the Nasdaq. “The AI trade is spreading.”
Morningstar equity analyst Jing Jie Yu said SK Hynix’s U.S. listing, on its own, is unlikely to be a clear gauge of market conditions, as sentiment toward memory and tech stocks is already broadly similar across global markets.
