SK hynix ADRs opened at $170 on Nasdaq, gaining roughly 14% and outpacing SpaceX's debut pop. The $1 trillion chipmaker raised up to $28 billion.

SK Hynix plans a $28 billion Nasdaq ADR listing, already 7x oversubscribed, as the AI memory chip leader targets US investors with ticker SKHY on July 10.

SK Hynix's roughly $28 billion Nasdaq ADR offering is set to become the second-largest equity raise ever, fueled by surging AI memory chip demand.

SK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong investor demand for AI-linked chip stocks. The South Korean semiconductor…