SK Hynix raises $26.5 billion in US debut as AI memory demand surges

TechCrunch reports that South Korean memory-chip maker SK Hynix raised $26.5 billion in its US market debut, selling 177.9 million ADRs at $149 each. The company makes high-bandwidth memory, a critical input for Nvidia AI GPUs, and plans to use proceeds for a South Korean fab, packaging capacity, and EUV scanners. The report also notes US pressure for Korean memory makers to build more fabs in America.

Key details: SK Hynix raised $26.5 billion in its US market debut, The company sold 177.9 million ADRs at $149 each, Proceeds are earmarked for memory manufacturing, packaging capacity, and EUV equipment.

Why it matters: The AI boom is turning memory supply into a capital-markets and industrial-policy story, not just a chip-spec story.