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SK Hynix's U.S. stock closed up 12% on the first day of trading before its issuance. Executives expressed their willingness to issue more shares if conditions permit

2026-07-11·newswire-us-stock-010734
SK Hynix's U.S. stock closed up 12% on the first day of trading before its issuance. Executives expressed their willingness to issue more shares if conditions permit.

On July 10, local time, SK Hynix started pre-issuance trading on the Nasdaq Global Select Market through American Depository Receipts (ADRs). It surged more than 17% during the session and closed up 12.76%, with a closing market value of US$1.22 trillion.

The stock's temporary trading code is "SKHYV", with an issue price of US$149 per share and approximately US$26.5 billion raised this time.

The amount of funds raised by SK Hynix this time exceeded the US$25 billion raised by Alibaba in its IPO in the United States in 2014, setting a record for the largest public fundraising by a foreign-funded enterprise in the US stock market, with institutional subscription multiples exceeding 7 times. Before the official trading of SK Hynix's U.S.

stock ADR, Chey Tae-won, chairman of South Korea's SK Group, said that even though SK Hynix announced that it would double its production capacity within five years, customers still said they needed more. Memory demand has permanently changed from the past cycle. Both AI agents and physical AI require a large number of memory chips.

He said that if the investment returns perform well and the stock price remains stable, SK Hynix is willing to further issue more shares in the U.S. market in the future.

SK Hynix CEO Kwak Noh-Jung predicted on the same day that the storage industry will face the most serious supply shortage in history in 2027, and the shortage of memory chips may continue until 2030. He said that signals from customers also show that customers expect the shortage of memory chips to continue for a long time.

The funds raised by SK Hynix will be used to expand production capacity to meet the continued growth in demand for high-bandwidth memory chips for AI servers. The funds raised will be used to build the first phase of the Yongin Semiconductor Cluster fab and the Cheongju Advanced Packaging Factory.

At the end of June, the South Korean government also teamed up with Samsung and SK Group to announce a domestic investment plan for enterprises totaling 4,755 trillion won, focusing on three core super projects: semiconductors, physical AI, and AI data centers.

Southwest South Korea plans to invest 800 trillion won (approximately US$518 billion) to build four semiconductor manufacturing plants, and Samsung Electronics and SK Hynix plan to build two each.

Ji Cheong, deputy director of S&P Global Ratings, said that although SK Hynix's IPO will support its growing capital expenditures to a certain extent (capital expenditures are expected to reach 50 trillion to 70 trillion won per year in the next two years), the vast majority of funds will be raised through the company's internal cash flow.

SK Hynix’s revenue last year was 97.1467 trillion won, a year-on-year increase of more than 30 trillion won, and its operating profit was 47.2063 trillion won, doubling year-on-year, setting a new record for the company’s highest annual performance in history.

In the first quarter of this year, SK Hynix’s revenue was 52.5763 trillion won and operating profit was 37.6103 trillion won. The company’s quarterly sales exceeded the 50 trillion won mark for the first time, and its operating profit surged 405% year-on-year.

In addition to SK Hynix, the US stock market also includes Micron Technology (MU.O), one of the world's three largest memory manufacturers. Since this year, Micron Technology’s stock price has risen by more than 200%. (

#Stocks #AI #Semiconductors #Earnings #IPO #MU

Full text

SK Hynix's U.S. stock closed up 12% on the first day of trading before its issuance. Executives expressed their willingness to issue more shares if conditions permit

On July 10, local time, SK Hynix started pre-issuance trading on the Nasdaq Global Select Market through American Depository Receipts (ADRs). It surged more than 17% during the session and closed up 12.76%, with a closing market value of US$1.22 trillion. The stock's temporary trading code is "SKHYV", with an issue price of US$149 per share and approximately US$26.5 billion raised this time. The amount of funds raised by SK Hynix this time exceeded the US$25 billion raised by Alibaba in its IPO in the United States in 2014, setting a record for the largest public fundraising by a foreign-funded enterprise in the US stock market, with institutional subscription multiples exceeding 7 times.

On July 10, local time, SK Hynix started pre-issuance trading on the Nasdaq Global Select Market through American Depository Receipts (ADRs). It surged more than 17% during the session and closed up 12.76%, with a closing market value of US$1.22 trillion. The stock's temporary trading code is "SKHYV", with an issue price of US$149 per share and approximately US$26.5 billion raised this time. The amount of funds raised by SK Hynix this time exceeded the US$25 billion raised by Alibaba in its IPO in the United States in 2014, setting a record for the largest public fundraising by a foreign-funded enterprise in the US stock market, with institutional subscription multiples exceeding 7 times. Before the official trading of SK Hynix's U.S. stock ADR, Chey Tae-won, chairman of South Korea's SK Group, said that even though SK Hynix announced that it would double its production capacity within five years, customers still said they needed more. Memory demand has permanently changed from the past cycle. Both AI agents and physical AI require a large number of memory chips. He said that if the investment returns perform well and the stock price remains stable, SK Hynix is willing to further issue more shares in the U.S. market in the future. SK Hynix CEO Kwak Noh-Jung predicted on the same day that the storage industry will face the most serious supply shortage in history in 2027, and the shortage of memory chips may continue until 2030. He said that signals from customers also show that customers expect the shortage of memory chips to continue for a long time. The funds raised by SK Hynix will be used to expand production capacity to meet the continued growth in demand for high-bandwidth memory chips for AI servers. The funds raised will be used to build the first phase of the Yongin Semiconductor Cluster fab and the Cheongju Advanced Packaging Factory. At the end of June, the South Korean government also teamed up with Samsung and SK Group to announce a domestic investment plan for enterprises totaling 4,755 trillion won, focusing on three core super projects: semiconductors, physical AI, and AI data centers. Southwest South Korea plans to invest 800 trillion won (approximately US$518 billion) to build four semiconductor manufacturing plants, and Samsung Electronics and SK Hynix plan to build two each. Ji Cheong, deputy director of S&P Global Ratings, said that although SK Hynix's IPO will support its growing capital expenditures to a certain extent (capital expenditures are expected to reach 50 trillion to 70 trillion won per year in the next two years), the vast majority of funds will be raised through the company's internal cash flow. SK Hynix’s revenue last year was 97.1467 trillion won, a year-on-year increase of more than 30 trillion won, and its operating profit was 47.2063 trillion won, doubling year-on-year, setting a new record for the company’s highest annual performance in history. In the first quarter of this year, SK Hynix’s revenue was 52.5763 trillion won and operating profit was 37.6103 trillion won. The company’s quarterly sales exceeded the 50 trillion won mark for the first time, and its operating profit surged 405% year-on-year. In addition to SK Hynix, the US stock market also includes Micron Technology (MU.O), one of the world's three largest memory manufacturers. Since this year, Micron Technology’s stock price has risen by more than 200%. (

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