SK Hynix Debut Is a Bet That AI Breaks Boom-and-Bust Chip Cycle

SK Hynix signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Friday, July 10, 2026. SK Hynix Inc. raised $26.5 billion in its American depositary receipt offering, as the South Korean memory chipmaker powered through volatility to deliver the largest ever US first-time share sale by a foreign company.