SK HYNIX HITS $1T WITH RECORD $26.5B WALL STREET DEBUT

INDUSTRY DESK■ 1 MIN READ

SAT, JUL 11, 2026

■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE

SK Hynix, Nvidia's largest RAM supplier, raised $26.5 billion in its Wall Street IPO Friday, becoming the largest foreign company debut on record. The South Korean chipmaker opened at $170 per share.

SK Hynix's record-breaking IPO surpasses Alibaba's previous foreign company debut record. The company briefly reached a $1 trillion valuation in May as AI demand accelerates memory chip consumption. The timing capitalizes on booming demand for high-bandwidth memory (HBM) chips used in AI applications. SK Hynix supplies critical RAM to Nvidia, which has seen explosive growth as enterprises build out AI infrastructure. The IPO positions SK Hynix to compete directly with Samsung and Micron Technology in the memory chip market. South Korea's chipmaking sector has become central to global AI infrastructure, with the country now home to two of the world's largest semiconductor manufacturers. SK Hynix will use IPO proceeds to expand production capacity and accelerate development of next-generation memory technologies needed for advanced AI systems.

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SK HYNIX HITS $1T WITH RECORD $26.5B WALL STREET DEBUT

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