The South Korean memory chipmaker will raise $29.4 billion in a U.S. listing as demand for memory chips surges amid supply constraints.
SK Hynix will debut its American Depository Receipts on the Nasdaq on July 10, targeting a $29.4 billion capital raise. The company’s market cap exceeds $1 trillion, reflecting a 243% share surge in 2026 amid a memory chip supercycle.
The firm leads in DRAM and NAND flash market share, outpacing rivals Micron and Sandisk. Demand for memory chips remains robust due to persistent supply shortages, despite new capacity additions.
Micron and Sandisk shares have rallied 8x and 3,650% over the past year, respectively, but SK Hynix’s broader market position may offer stronger growth potential.