SK Hynix, one of the world’s largest makers of memory chips, has entered the US stock market. The company’s American depositary receipts (ADRs) were priced at $149 each, raising $26.5 billion in the largest-ever initial share sale in the US by a foreign company.
US Market and Expansion
The US is SK Hynix’s largest market, accounting for 68.8% of its revenue last year. The company is planning an expansion that includes building its first US production facility in Indiana. SK Hynix had revenue of just under $65 billion in 2025, with profits doubling to about $28 billion.
Increasing demand for artificial intelligence (AI) has driven a surge in profits for chipmakers. Memory chips have become more expensive as demand outpaces supply, along with the advancement of AI technology. Technology giant Apple recently announced an increase in prices for Macs and iPads due to the jump in price for memory chips.
Original reporting: KTBS 3 (Shreveport) — read the source article.
