SK hynix: From near collapse to AI chip powerhouse behind record US listing

Asia-Pacific Business Sun, 12 Jul 2026 20:47:52 GMT High confidence — 75/100

Shares of South Korean chip giant SK hynix soared on its Wall Street debut on Friday (Jul 10) after one of the world’s largest share sales at US$26.5 billion, underscoring strong investor appetite for firms at the centre of the artificial intelligence boom.
It marks the largest US listing by a foreign company, beating out the US$21.8 billion raised by Chinese tech firm Alibaba in its New York initial public offering.
But SK hynix's rise to the top of the semiconductor industry was anything but smooth.

Shares of South Korean chip giant SK hynix soared on its Wall Street debut on Friday (Jul 10) after one of the world’s largest share sales at US$26.5 billion, underscoring strong investor appetite for firms at the centre of the artificial intelligence boom.
It marks the largest US listing by a foreign company, beating out the US$21.8 billion raised by Chinese tech firm Alibaba in its New York initial public offering.

But SK hynix's rise to the top of the semiconductor industry was anything but smooth.

Sources: CNA