SK Hynix Targets AI Investors in $29 Billion U.S. IPO Push

WHO:

Fortune - SK Hynix Inc. is a South Korea-based semiconductor manufacturer.

Fortune - Micron Technology Inc. is identified as SK Hynix's chief US-based rival.

Fortune - Daniel Morgan is a senior portfolio manager at Synovus Trust Co.

Fortune - Di Zhou is a portfolio manager at Thornburg Investment Management.

Fortune - Ed O’Gorman is the chief executive officer at River Wealth Advisors.

Fortune - Kim Forrest is the chief investment officer and founder at Bokeh Capital Partners.

Fortune - Brendan Ahern is the chief investment officer of KraneShares.

WHAT:

Bloomberg Markets - SK Hynix's U.S. IPO is projected to raise approximately $28.07 billion by selling 17.79 million new shares.

Bloomberg Markets - The offering is intended to provide direct, frictionless exposure to one of the most compelling pure-plays on the AI memory cycle.

Bloomberg Markets - SK Hynix is projected to deliver 221 trillion won ($144 billion) in net income in 2026, which is an increase of 415% from 2025.

Bloomberg Markets - SK Hynix's sales are projected to be 355 trillion won ($231 billion) in 2026, up 265% from 2025.

Bloomberg Markets - SK Hynix's U.S. IPO is projected to raise approximately $29 billion by selling 17.79 million new shares.

Bloomberg Markets - The specific price range for SK Hynix's shares is expected to be revealed later today.

Wccftech - Samsung's President of the semiconductor-focused DS division stated that the company's profit in 2026 will exceed its cumulative profit generated over the past 40 years, with expectations of around 300 trillion won ($200 billion) in annual operating profit.

Wccftech - Samsung is negotiating with commodity DRAM customers to increase prices by up to 20% quarter-over-quarter in Q3 2026, following a 90% price hike in Q1 2026 and an additional 50-60% increase in Q2 2026.

Wccftech - Samsung is expected to report 84.6 trillion won ($55.1 billion) in operating profit for the second quarter of 2026.

Fortune - SK Hynix's U.S. IPO is projected to raise approximately $28.07 billion by selling 17.79 million new shares.

Bloomberg Markets - SK Hynix's Nasdaq listing is expected to improve the company's valuation, which currently trades at 6.2 times estimated earnings over the next 12 months.

Bloomberg Markets - The offering is intended to provide direct, frictionless exposure to one of the most compelling pure-plays on the AI memory cycle.

Techmeme - SK Hynix plans to sell 17.79 million new shares in its U.S. IPO, with the specific price range expected to be revealed later today.

Techmeme - The U.S. share sale is expected to raise approximately $28.07 billion.

Wccftech - Samsung's profit in 2026 is projected to exceed its cumulative profit generated over the past 40 years, with expectations of around 300 trillion won ($200 billion) in annual operating profit.

Wccftech - Samsung is expected to report 84.6 trillion won ($55.1 billion) in operating profit for the second quarter of 2026.

Bloomberg Markets - SK Hynix's U.S. share sale is expected to raise approximately $28.07 billion by selling 17.79 million new shares.

Wccftech - Samsung is expected to report 84.6 trillion won ($55.1 billion) in operating profit for the second quarter of 2026.

Fortune - SK Hynix's Nasdaq listing is expected to improve the company's valuation, which currently trades at 6.2 times estimated earnings over the next 12 months.

Fortune - SK Hynix's Korea-listed shares and Micron's stock have gained about 700%, pushing both companies' market capitalizations above $1 trillion.

Fortune - SK Hynix is projected to deliver 221 trillion won ($144 billion) in net income in 2026, which is an increase of 415% from 2025.

Fortune - SK Hynix's sales are projected to be 355 trillion won ($231 billion) in 2026, up 265% from 2025.

Fortune - Micron is expected to post an 876% surge in net income to about $83 billion in its current fiscal year.

Fortune - Micron's sales are expected to leap 247% to $130 billion.

Fortune - SK Hynix's Nasdaq listing is expected to improve the company's valuation, which currently trades at 6.2 times estimated earnings over the next 12 months.

Fortune - Micron's shares were reported to be at 7 times estimated earnings after a 14% drop last week, down from over 11 times as recently as June 22.

Fortune - SK Hynix is planning to spend hundreds of billions of dollars to build two production plants in South Korea.

Fortune - The Invesco QQQ Trust Series, which tracks the Nasdaq 100 Index, has $482 billion in assets.

Fortune - SK Hynix's Korea-listed shares and Micron's stock have gained about 700% over the past 12 months.

Fortune - Sandisk Corp. has soared 3,676% in the same period, while Western Digital Corp. is up 719% and Seagate Technology Holdings Plc has jumped 449%.

Fortune - The Philadelphia Stock Exchange Semiconductor Index has gained 125% in the past 12 months and is coming off its best quarter ever.

Fortune - SK Hynix is projected to deliver 221 trillion won ($144 billion) in net income in 2026, which is an increase of 415% from 2025.

Fortune - SK Hynix's sales are projected to be 355 trillion won ($231 billion) in 2026, up 265% from 2025.

Fortune - SK Hynix is planning a $29 billion US stock-market listing.

Fortune - The listing is expected to be the biggest-ever first-time share sale by a foreign company.

Fortune - SK Hynix's Nasdaq listing is expected on July 10.

Fortune - SK Hynix is projected to deliver 221 trillion won ($144 billion) in net income in 2026.

Fortune - SK Hynix's sales are projected to be 355 trillion won ($231 billion) in 2026.

Fortune - Micron is expected to post an 876% surge in net income to about $83 billion in its current fiscal year.

Fortune - Micron's sales are expected to leap 247% to $130 billion.

WHERE:

Fortune - SK Hynix is based in South Korea.

Fortune - The listing will occur on the Nasdaq stock exchange.

WHEN:

Fortune - The Nasdaq listing for SK Hynix is expected on July 10.

Fortune - The current fiscal year for Micron ends on August 31.

WHY:

Bloomberg Markets - The listing aims to help SK Hynix compete in the global market for memory chips used in AI computing.

Fortune - The listing aims to tap into the US equity market and attract AI investors.

Fortune - The offering targets investors who currently lack access to the Korean equity market.

Fortune - SK Hynix's listing is intended to improve its lagging valuation compared to Micron.

HOW:

Bloomberg Markets - The U.S. listing will attract trading from hedge funds seeking to capitalize on arbitrage opportunities between valuation differences in the Nasdaq-listed ADRs and the Seoul-listed shares.

Bloomberg Markets - The U.S. listing will provide SK Hynix with access to U.S. equity indexes, resulting in buying from passively managed exchange-traded funds that track the benchmarks.

Wccftech - Samsung and SK Hynix are undertaking a massive $800 billion venture to expand capacity for memory chips, with meaningful production volumes not expected until 2033.

Fortune - The US listing will attract trading from hedge funds seeking to capitalize on arbitrage opportunities between valuation differences in the Nasdaq-listed ADRs and the Seoul-listed shares.

Fortune - SK Hynix plans to spend hundreds of billions of dollars to build two production plants in South Korea.

Fortune - The listing will provide SK Hynix with access to US equity indexes, resulting in buying from passively managed exchange-traded funds.

(UPDATED July 6, 2026 19:28 UTC)

SK Hynix is set to launch a U.S. IPO that could raise around $28.07 billion by selling 17.79 million new shares, aiming to provide investors with direct exposure to the burgeoning AI memory market. The company is projected to achieve a staggering 221 trillion won, or $144 billion, in net income in 2026, marking a 415% increase from the previous year, while sales are expected to reach 355 trillion won, or $231 billion, up 265% from 2025. This U.S. listing is likely to attract hedge funds looking to exploit valuation differences between the Nasdaq-listed American Depositary Receipts and the shares listed in Seoul.

(UPDATED July 6, 2026 17:48 UTC)

SK Hynix is set to raise approximately $29 billion through its U.S. IPO by selling 17.79 million new shares, with the specific price range expected to be revealed later today. Meanwhile, Samsung's President of the semiconductor-focused DS division announced that the company anticipates its profit for 2026 will surpass its total profit from the last 40 years, aiming for around 300 trillion won, or $200 billion, in annual operating profit. Additionally, Samsung is currently negotiating with commodity DRAM customers to implement a price increase of up to 20% in Q3 2026, following significant hikes earlier this year.

(UPDATED July 6, 2026 16:03 UTC)

SK Hynix is set to raise approximately $28.07 billion through its U.S. IPO by selling 17.79 million new shares, which is expected to enhance the company's valuation as it currently trades at 6.2 times estimated earnings for the next year. The Nasdaq listing aims to provide investors with direct exposure to a leading player in the AI memory cycle, appealing to those looking for compelling investment opportunities. Additionally, this U.S. listing is anticipated to attract hedge funds eager to exploit valuation differences between the Nasdaq-listed American Depositary Receipts and the shares listed in Seoul.

(UPDATED July 6, 2026 14:09 UTC)

SK Hynix is set to sell 17.79 million new shares in its upcoming U.S. IPO, with the price range expected to be announced later today, and this share sale is projected to raise around $28.07 billion. The listing is designed to enhance SK Hynix's competitiveness in the global memory chip market, particularly for AI computing. By entering the U.S. market, SK Hynix will gain access to U.S. equity indexes, which will likely attract investments from passively managed exchange-traded funds that track those benchmarks.

(UPDATED July 6, 2026 12:16 UTC)

Samsung's profit for 2026 is projected to surpass its total profit from the last 40 years, with estimates around 300 trillion won, or $200 billion, in annual operating profit. The company is currently negotiating with commodity DRAM customers to raise prices by up to 20% in the third quarter, following significant increases of 90% in the first quarter and an additional 50 to 60% in the second quarter. Additionally, Samsung is expected to report an operating profit of 84.6 trillion won, which is about $55.1 billion, for the second quarter of 2026, while also collaborating with SK Hynix on an $800 billion venture to expand memory chip production, with meaningful output not anticipated until 2033.

(UPDATED July 6, 2026 10:16 UTC)

SK Hynix is set to raise approximately $28.07 billion through the sale of 17.79 million new shares. Meanwhile, Samsung's President of the semiconductor-focused DS division announced that the company's profit in 2026 is projected to exceed its cumulative profit from the past 40 years, with expectations of around 300 trillion won, or $200 billion, in annual operating profit. Additionally, Samsung is negotiating with commodity DRAM customers to increase prices by up to 20% quarter-over-quarter in Q3 2026, following significant price hikes earlier in the year.

(UPDATED July 6, 2026 08:20 UTC)

SK Hynix is set to list on Nasdaq, which is expected to enhance the company's valuation that currently stands at 6.2 times estimated earnings for the next year. Both SK Hynix and Micron have seen their market capitalizations soar above $1 trillion, with projections indicating that SK Hynix will achieve a remarkable 221 trillion won, or $144 billion, in net income for 2026, reflecting a staggering increase of 415% from the previous year. Meanwhile, Micron is anticipated to experience an impressive 876% surge in net income to around $83 billion, with sales expected to rise by 247% to $130 billion, as hedge funds look to take advantage of trading opportunities between the Nasdaq-listed and Korea-listed shares.

(UPDATED July 6, 2026 06:22 UTC)

SK Hynix is set to enhance its valuation with an upcoming Nasdaq listing, currently trading at 6.2 times estimated earnings for the next year, while Micron's shares have dropped to 7 times estimated earnings after a significant decline last week. The company is also planning to invest hundreds of billions of dollars to construct two new production plants in South Korea. This US listing is expected to draw interest from hedge funds looking to exploit valuation differences between the Nasdaq-listed American Depositary Receipts and shares listed in Seoul.

(UPDATED July 6, 2026 04:17 UTC)

In a remarkable year for the semiconductor industry, SK Hynix's shares and Micron's stock have surged about 700%, while Sandisk Corp. has skyrocketed an astonishing 3,676%. Additionally, the Philadelphia Stock Exchange Semiconductor Index has seen a significant gain of 125% and is coming off its best quarter ever, with SK Hynix projected to achieve a net income of 221 trillion won, or $144 billion, in 2026, marking a 415% increase from the previous year. The upcoming US listing is expected to draw interest from hedge funds eager to exploit valuation differences between Nasdaq-listed ADRs and Seoul-listed shares.

(UPDATED July 6, 2026 01:30 UTC)

SK Hynix is set to make headlines with a planned $29 billion stock-market listing on the Nasdaq, expected to be the largest-ever first-time share sale by a foreign company, with the listing anticipated on July 10. This move aims to attract AI investors and improve SK Hynix's valuation compared to its chief US rival, Micron Technology, which is projected to see a significant surge in net income and sales in its current fiscal year. To support its growth, SK Hynix plans to invest hundreds of billions of dollars in building two production plants in South Korea, while the listing will also provide access to US equity indexes, encouraging investment from passively managed exchange-traded funds.