SK Hynix Begins Nasdaq Trading with U.S. Depository Shares

South Korean semiconductor giant SK Hynix, a key player in the market for memory chips essential for AI servers, begins trading on the Nasdaq stock exchange in the United States on Friday, July 10, 2026. The company is listing American Depositary Shares (ADS), which are anticipated to generate approximately $26.5 billion. This debut allows U.S. investors to acquire stakes in a company that has significantly benefited from the AI infrastructure boom.

SK Hynix is recognized for its production of DRAM and NAND flash memory chips, critical components for AI server hardware, including those manufactured by Nvidia. The company holds a leading position globally in High Bandwidth Memory (HBM), meeting 58% of the worldwide demand. In the broader DRAM market, SK Hynix ranked second in the first quarter of 2026, capturing 29% of market share, following Samsung's 38% and ahead of Micron's 22%.

Amid a persistent shortage of memory chips driven by the rapid expansion of the AI sector, SK Hynix has experienced substantial growth in both revenue and profits. For fiscal year 2025, the company reported revenues of approximately $64.6 billion, representing a nearly 47% increase year-over-year. Operating profit more than doubled, reaching approximately $31.3 billion.

It is important to note that this marks SK Hynix's first listing on a U.S. exchange, not its initial public offering. The company has been publicly traded on the Korea Exchange since 1996. The U.S. listing involves the sale of ADS, with each ADS representing one-tenth of a common share traded on the Korean market. The initial offering price for one ADS has been set at $149, with a total of 177.9 million ADS being offered. This listing is projected to value SK Hynix at over $1 trillion.