SK Hynix shares surge 12% on $29B US listing plan

SK Hynix plans NASDAQ listing of ADRs worth $30B on July 10

SK Hynix, the HBM leader powering AI data centers, lists Nasdaq ADRs July 10 targeting $30B, bypassing Korea's valuation discount amid surging investor demand. The listing reshapes memory-chip competition and signals sustained pricing power for HBM supplies—critical to AI infrastructure buildouts and procurement strategies.