Memory chip giant SK hynix could help end ‘RAMmageddon’ with blockbuster US IPO

SK hynix, a leading South Korean memory chip manufacturer, is preparing for a major U.S. initial public offering (IPO) that could raise between $10 billion and $14 billion, targeting the second half of 2026. The company has confidentially filed a Form F-1 for this listing, which is expected to help close a longstanding valuation gap with global semiconductor peers, particularly U.S.-listed firms like Micron. Despite SK hynix’s critical role in supplying high-bandwidth memory (HBM) essential for AI systems, its market valuation has historically lagged behind due to its primary listing in Korea. The U.S. listing could enhance its trading value and investor visibility, while allowing its largest shareholder, SK Square, to maintain a controlling stake in compliance with Korean regulations. The move is also seen as a strategic effort to secure significant capital for SK hynix’s ambitious expansion plans amid rising demand for AI-driven memory chips. CEO Noh-Jung Kwak has emphasized the need