Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street
SK Hynix, a major memory chip supplier for Nvidia, has launched on Wall Street with a record-breaking debut. The company is currently scaling production to meet the massive demand for DRAM and high-bandwidth memory driven by AI data centers.
Why it matters
As a critical supplier for AI infrastructure, SK Hynix's market performance and production capacity directly impact the global pace of AI development.
As the AI boom boosts demand for RAM, SK Hynix – one of the world’s biggest suppliers of memory chips – launched on Wall Street Friday. The South Korean chipmaker opened at $170 per share and raised $26.5 billion, surpassing Alibaba’s record as the largest debut of a foreign company, according to reports from Associated Press and CNN.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in