While major companies are racing to buy memory chips needed to run AI models, SK Hynix has decided to shift some of its momentum to the American market through a massive listing. The message is clear: the Korean company does not want to be just a behind-the-scenes supplier but a global player attracting capital directly from investors who are betting on an AI boom.

28 billion dollars in American depositary receipts

According to a report published by Reuters, South Korean SK Hynix launched an American listing worth 28 billion dollars through American Depositary Receipts (ADRs) on the Nasdaq. This is one of the largest global equity sales. The company aims to expand its investor base and narrow the valuation gap with US-based Micron after a strong rise in its share price this year, supported by demand for high-bandwidth memory used in AI systems at major companies like Nvidia and Google.

Wall Street in the Memory Race

This move brings Wall Street closer to the heart of the advanced memory race. Companies that provide key components for artificial intelligence are seeking massive funding to build factories and purchase cutting-edge equipment such as extreme ultraviolet lithography machines from ASML. The listing aligns with a broader Korean plan to pump huge investments into chips. In the background, high-bandwidth memory is becoming a strategic commodity no less sensitive than graphics processing units (GPUs). Any shortage could slow the expansion of data centers and delay the launch of new AI services.