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Technology — World Affairs

What Makes SK Hynix A $1 Trillion Chipmaker

The company, valued at about $1 trillion after a sharp rise in its share price, plans to raise roughly $29 billion through American depositary receipts to fund factories and equipment

,   and  TIPP Staff
2 min read
Pic via @BingXOfficial

South Korean memory chipmaker SK Hynix is set to begin trading on the Nasdaq on Friday, giving U.S. investors direct exposure to the booming artificial intelligence memory market.

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The company, valued at about $1 trillion after a sharp rise in its share price, plans to raise roughly $29 billion through American depositary receipts to fund factories and equipment.

According to the report, SK Hynix leads the high-bandwidth memory (HBM) market, supplying advanced memory chips used in Nvidia's AI processors.

The company is also expanding its U.S. footprint with a $4 billion advanced packaging facility in Indiana, expected to open in 2028. The report said the project could receive funding and loans under the U.S. CHIPS and Science Act.

Beyond HBM, SK Hynix continues to benefit from rising demand for memory used in smartphones, PCs and data centers. Analysts cautioned that the memory business remains cyclical, although sustained AI demand could support long-term growth.

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