SK Hynix raises $26.5 billion in US IPO, plans new fabs amid chip demand surge

Jul 10, 2026

AI Summary

SK Hynix has successfully raised $26.5 billion in its US market debut, marking the largest IPO by a non-American company in US history. The funds will be allocated to building new manufacturing facilities in South Korea and investing in advanced chip-making technology, as demand for memory chips, particularly for AI applications, continues to grow.

SK Hynix raised $26.5 billion by selling 177.9 million American depositary shares at $149 each in its US IPO.
This IPO is the largest ever for a non-American company in the US, surpassing Alibaba's $25 billion IPO in 2014.
The stock began trading on Nasdaq under the temporary ticker SKHYV and will officially become SKHY on July 13.
Demand for the shares was reportedly over seven times the available amount, despite a pricing premium compared to its average share price in Seoul.
The funds raised will be used for a new fab in South Korea, a new packaging facility, and purchasing EUV scanners for next-generation chip production.
US Commerce Secretary Howard Lutnick is in discussions with SK Hynix and Samsung about establishing new factories in the US to enhance domestic chip manufacturing.
Micron, a competitor to SK Hynix, announced plans to invest $250 billion in US manufacturing, aiming to create over 90,000 jobs.
Both SK Hynix and Samsung have pledged more than $550 billion for new manufacturing investments in South Korea.

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SK Hynix raises $26.5 billion in US IPO, plans new fabs amid chip demand surge

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