SK hynix: From near collapse to AI chip powerhouse behind record US listing
South Korean semiconductor giant SK hynix has successfully debuted on the Nasdaq, raising $26.5 billion in the largest US listing by a foreign company. The firm's growth is largely attributed to its pivotal role in the global artificial intelligence hardware boom.
Why it matters
This record-breaking IPO highlights the massive capital flow into AI-related infrastructure and the increasing integration of Asian tech giants into US financial markets.
Once on the edge of financial ruin, the South Korean chip giant has rebounded to debut on Wall Street in what is the largest US listing by a foreign company.
Employees of the semiconductor and memory chip company SK hynix attend the company's opening bell ceremony at the Nasdaq market on the day of their IPO in New York City, Jul 10, 2026. (Photo: REUTERS/Angelina Katsanis)
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