SK Hynix Raises $26.5 Billion in US Listing

Washington DC. South Korea's computer chip maker SK Hynix has raised $26.5 billion from its share listing in the United States. The company has stated that this is the largest share listing by any foreign company in the US to date.

SK Hynix, one of the main suppliers of artificial intelligence (AI) chip maker Nvidia, sold 177.9 million American Depositary Shares at $149 per share on Thursday. These shares will be traded on the Nasdaq Stock Exchange from Friday. Due to the rapidly increasing demand for AI chips, SK Hynix's market value in South Korea exceeded 1 trillion won last May.

The company's share price has more than tripled this year in South Korea. Due to the rapid growth of SK Hynix and Samsung Electronics, the KOSPI index has also risen by more than 70 percent during the same period. SK Hynix is one of the world's leading memory chip manufacturers. The memory chip industry has gained significant momentum due to hundreds of billions of dollars being invested globally in AI-related technologies.

Meanwhile, the share prices of competitor companies Samsung Electronics and Micron have also more than doubled in recent months. According to Jeewon Choi, a finance professor at Seoul National University, listing on the US stock market will make it easier for SK Hynix to attract large-scale investment from the US, the world's largest economy. According to him, there are fewer investment barriers in the US market compared to South Korea. less