US investors will soon get access to SK Hynix, another memory maker riding the AI boom
TL;DR
SK Hynix plans to offer nearly 17.8 million shares in the U.S. through American depositary receipts, with each ADR representing one-tenth of a common share. TechCrunch says the deal could raise about $28 billion, based on SK Hynix’s closing price in Seoul last Friday. The company is riding the AI memory boom: first-quarter revenue was up nearly 200% year over year, and the stock has gained about 260% so far in 2026.
Nauti's Take
The first check is the offering size: with the ADR structure, conversion ratio, and Seoul share price, teams should verify the math before treating this as a clean AI infrastructure signal. Operationally, SK Hynix remains an important early indicator for HBM availability and GPU cluster costs, but memory is still a cyclical market with sharp price swings.
Briefingshow
The deal gives U. S. investors a more direct way to bet on one of the biggest beneficiaries of the AI infrastructure buildout.
It also shows how attention is shifting beyond GPUs toward memory. Without enough HBM, DRAM, and NAND, AI data centers stay expensive, constrained, and hard to scale.
Sources