Svmuu News: South Korean memory chip giant SK Hynix plans to list on Nasdaq this Friday, becoming another high-profile major tech company to go public in the U.S. following SpaceX.SK Hynix reportedly plans to raise approximately $28 billion through the issuance of American Depositary Receipts (ADRs). As one of the key suppliers to NVIDIA, SK Hynix primarily manufactures High Bandwidth Memory (HBM), DRAM, and NAND flash memory products, and its business is benefiting from growing demand for storage driven by the expansion of AI infrastructure.
Market analysts believe that SK Hynix’s U.S. IPO will serve as a key test of investor interest in the next wave of AI technology IPOs. Over the past 12 months, its shares listed in South Korea have risen by approximately 770%, outpacing the roughly 700% gain recorded by its competitor, Micron Technology, during the same period.SK Hynix’s IPO reflects how investment momentum in the AI industry chain is spreading further from large models and computing chips to storage and the semiconductor supply chain. The market anticipates that the second half of 2026 may see a wave of IPOs from more major companies in the AI and technology sectors. (Fortune)