The Money TrailJune 25, 2026via SiliconAngle
Memory maker SK hynix files for $29B US IPO amid AI demand
Why it matters
SK hynix's massive US IPO filing signals that AI infrastructure capex is moving upstream to memory suppliers. HBM (high-bandwidth memory) is now a critical bottleneck in the AI compute stack, and SK hynix—the world's largest HBM supplier—is capitalizing on that scarcity to hit public markets at record valuation.
Key signals
- SK hynix files for $29.4B Nasdaq IPO
- 17.79 million shares offered
- Second-largest IPO on record (after SpaceX)
- SK hynix is world's largest HBM memory supplier
- IPO driven by AI demand for high-bandwidth memory
- Published June 25, 2026
The hook
$29.4B. SK hynix just filed the second-largest IPO on record—and AI demand for HBM memory is the entire thesis.
SK hynix Inc., the world’s largest supplier of HBM memory, today filed to list its shares on the Nasdaq stock exchange. The South Korean company hopes to sell up to 17.79 million shares for $29.4 billion. The public offering is expected to be the second-largest on record after the recent listing of SpaceX Corp., which […]