Lates News

SK Hynix plans to raise 4.545 trillion Korean won (approximately $294 billion) through the issuance of depositary receipts on the Nasdaq Stock Market. The company stated in a press release on Wednesday that trading is expected to begin on July 10. Samsung Electronics, Micron Technology, and SK Hynix, the three major HBM manufacturers, are at a critical juncture in the global AI construction, with their products forming a key bottleneck for the expansion of data centers. According to data from Counterpoint Research, SK Hynix's global market share by revenue in the fourth quarter of 2025 is 57%. However, the company's valuation is relatively lower than Micron and Samsung Electronics. Strong demand for storage chips has led to a rapid rise in these stocks, with SK Hynix's Korean stock already up over 300% this year. Listing on the US stock market will allow the company to reach a new group of investors and may help narrow the valuation gap with its competitors. The issuance is led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan.