surprising fact
While not an initial public offering, SK Hynix’s planned $29 billion offering would be the second-largest this year behind SpaceX’s record-setting $85.7 billion. If SK Hynix raises the full amount, it would rank among the largest equity offerings ever, not just in 2026: Saudi Aramco raised $29.4 billion in its IPO in 2019, which ranked the largest ever until SpaceX’s debut earlier this month.
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big number
$1.1 trillion. That’s SK Hynix’s market value as of Tuesday, ranking the second-largest company in South Korea behind Samsung ($1.4 trillion) and just behind Micron ($1.18 trillion) as the world’s third-largest provider of memory chips. Samsung and SK Hynix account for more than 40% of South Korea’s Kospi benchmark index.
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key background
SK Hynix, along with Samsung and Micron, has accelerated amid a global AI buildout. Shares of the South Korean giant have skyrocketed 281% so far this year and more than 800% over the last 12 months, and as of Q4 2025, SK Hynix controlled roughly 57% of the global high-bandwidth memory market, according to Bloomberg. Other international semiconductor firms similarly trade in the U.S. using ADRs: TSMC, the world’s sixth-largest company by market capitalization, began issuing ADRs in 1997.
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further reading
ForbesMicron Joins The Trillion-Dollar Club After Surging 18% TuesdayBy Alicia Park