SK Hynix, the world’s leading manufacturer of high-bandwidth memory, debuted on the Nasdaq yesterday, after raising $26.5 billion in the largest U.S. listing ever by a foreign company and the second-largest share sale in U.S. history, trailing SpaceX’s $86 billion IPO last month. Shares rose 12.8% in their first day of trading.
The listing gives U.S. investors direct access to a chipmaker that’s closely tied to the AI boom, making the specialized memory chips that sit inside almost every Nvidia processor, and now command high prices amid a major shortage.
