Nvidia gets the headlines. SK Hynix gets the contracts.
The South Korean chipmaker has quietly positioned itself as the single most indispensable company in the AI hardware stack, controlling roughly 56% of the global high-bandwidth memory market and serving as Nvidia’s primary supplier of the memory chips that make AI accelerators actually work.
From Seoul to Nasdaq, with a $26.5B detour
The clearest sign of SK Hynix’s arrival as a global force came in late July 2026, when the company completed a US listing that raised $26.5 billion, the largest IPO by a foreign entity in American market history.
American Depositary Receipts began trading on Nasdaq under the ticker SKHY, debuting at $149 per share.
