SK Hynix Raises $26.5 Billion in $149 ADS Debut to Expand AI Memory Output
Updated
Updated · The Motley Fool · Jul 16
SK Hynix Raises $26.5 Billion in $149 ADS Debut to Expand AI Memory Output
3 articles · Updated · The Motley Fool · Jul 16
Summary
$26.5 billion from SK Hynix’s U.S. ADS sale is earmarked to expand manufacturing as the South Korean chipmaker races to meet booming AI-memory demand.
$149 per ADS made the July 10 offering the largest-ever U.S. listing by a non-American company, underscoring strong investor appetite for memory-chip stocks.
HBM chips are driving that push: SK Hynix says it held 56% of the market at the end of the first quarter and has a multiyear co-development partnership with Nvidia.
Q1 results showed the scale of the AI boom, with revenue up 198% to 52.6 trillion won and net income up 398% to 40.3 trillion won as supply constraints lifted prices.
The listing comes as the global memory market is projected to jump to $633 billion in 2026 from $216 billion in 2025, though SK Hynix now trades at a richer forward P/E than Micron.