SK Hynix Plans $29 Billion U.S. Trading Debut Amid Booming AI Demand - Forbes

SK Hynix, South Korea's third-largest memory chipmaker, plans to raise $29.65 billion in a U.S. IPO on Nasdaq, marking its debut on the American stock exchange. This move comes amid a surge in demand ... Read original →

SK Hynix’s Nasdaq debut is less about capital raising and more a strategic maneuver in the global AI infrastructure arms race. With over 57% HBM market share, its move pressures TSMC to prioritize CoWoS capacity for HBM3E/4, reshaping GPU memory architecture. While U.S. regulatory scrutiny on foreign chipmakers intensifies, SK’s alignment with Wall Street banks and key American AI clients may mitigate CFIUS risks—but deepens reliance on U.S. tech ecosystems. Samsung will likely accelerate HBM4 ramp-up via tighter collaboration with Taiwan, China foundries, while Micron leverages CHIPS Act subsidies to boost domestic output. Within 18 months, the HBM supply chain will consolidate around tripartite alliances of capital, advanced packaging, and anchor customers—marginalizing memory players without next-gen integration capabilities.