Mentioned:
One of the biggest players in memory chips is getting read to make their Wall Street debut.
What’s happening:
- SK hynix has filed a Form F-1 with the United States Securities and Exchange Commission for an initial public offering of American Depositary Shares to be listed on the Nasdaq
By the numbers:
- SK hynix has publicly stated they intend to raise up to $29B USD as part of their initial public offering of American Depositary Shares
Why it matters:
- SK hynix is one of the world’s largest memory chip manufacturers and is widely considered to be the leading supplier of High Bandwidth Memory for both artificial intelligence companies and data centres
Going deeper:
- SK hynik’s primary listing is on the Korea Exchange and they are currently the single largest company based on market capitalization in all of South Korea
- Nvidia (NASDAQ: NVDA) and SK hynix just recently made waves when they formed a new multi year technology partnership focused on co-developing next generation memory as well as designing custom memory for multiple Nvidia platforms including Vera Rubin AI supercomputers and Jetson Thor systems for robotics
