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South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing

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33133A86 925E 4395 9F60 35E2A4052500

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Sk Hynix Raises 26 51 Billion Through Adr Offering 865F35Cf

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Sk Hynix Stock Raises 26 5 Billion U Listing Memory Giants Micron Sandisk Rise

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SK Hynix stock opens at $170 on Nasdaq, as trillion-dollar chip company welcomes U.S. investors

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SK Hynix raises $26.5 billion in U.S. offering. What to know about the stock.

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Corporate Governance Forum Opposes National Growth Fund SK Hynix Plan

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Why History Informs the Bear Case for SK Hynix

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Jared Bernstein

"I think some of the investments that we’ve seen so far is not on AI, it’s more on cloud and the power of cloud. So I don’t believe this is a bubble, but I believe this is capital that in most cases is going to be well spent."

"I don’t see a bubble in (the AI industry)."

"There's been a lot of talk about an AI bubble. From our vantage point, we see something very different."

"To me, the main ingredient in bubbles is psychological excess — there’s no such thing as a price too high. And I don’t detect that level of mania at this time, so I have not put the bubble label on this incident."

“AI is only a bubble in the sense that not all of these valuations will end up going up. Some of them will go down… A reasonable percentage of those companies won’t be worth that much."

"There's a little bit of a hype bubble going on in the early-stage venture space."

“But to us and many others, that divergence between credibly, plausible, expected future earnings and this level of investment certainly looks bubbly.”

"In fact, there are many parts of AI that I think are kind of bubbly right now."

"My answer is yes."

"Are we in an AI bubble? Of course! ... Of course we are. I mean, we’re hyped, we’re accelerating, we’re putting enormous leverage into the system."

Are we in an AI bubble?

SK Hynix raised $26.5 billion in its Nasdaq debut, marking the largest-ever U.S. listing by a foreign company, surpassing the $25.6 billion raised by Saudi Aramco in 2019 and the $21.8 billion raised by Alibaba in its New York IPO.

SK Hynix raised $26.5 billion in its Nasdaq debut, marking the largest-ever U.S. listing by a foreign company, surpassing the $25.6 billion raised by Saudi Aramco in 2019 and the $21.8 billion raised by Alibaba in its New York IPO.

The offering was seven times oversubscribed, with more than 500 investment firms competing for shares. SK Hynix sold 177.9 million American depositary shares at $149 each, with 10 ADRs representing one common share.

The offering was seven times oversubscribed, with more than 500 investment firms competing for shares. SK Hynix sold 177.9 million American depositary shares at $149 each, with 10 ADRs representing one common share.

SK Hynix plans to use the proceeds to fund construction of a fabrication hub in Yongin near Seoul and an advanced packaging facility in Cheongju, as well as to purchase equipment such as ASML's extreme ultraviolet scanners.

SK Hynix plans to use the proceeds to fund construction of a fabrication hub in Yongin near Seoul and an advanced packaging facility in Cheongju, as well as to purchase equipment such as ASML's extreme ultraviolet scanners.

SK Hynix holds a 56.4% share of the global high-bandwidth memory market, according to the International Data Corporation, and is the leading HBM supplier to Nvidia. Its customers also include Apple.

SK Hynix holds a 56.4% share of the global high-bandwidth memory market, according to the International Data Corporation, and is the leading HBM supplier to Nvidia. Its customers also include Apple.

SK Hynix's Seoul-listed shares have risen more than 220% this year, pushing its market capitalization above $1 trillion on the Korea Exchange. Analysts expect the U.S. listing to narrow its valuation gap with U.S. rival Micron Technology.

SK Hynix's Seoul-listed shares have risen more than 220% this year, pushing its market capitalization above $1 trillion on the Korea Exchange. Analysts expect the U.S. listing to narrow its valuation gap with U.S. rival Micron Technology.

Bank of America, JPMorgan, Citi and Goldman Sachs served as lead underwriters on the deal and could collect fees exceeding $140 million. Micron and Western Digital shares each fell more than 1% early Friday following the SK Hynix offering.

Bank of America, JPMorgan, Citi and Goldman Sachs served as lead underwriters on the deal and could collect fees exceeding $140 million. Micron and Western Digital shares each fell more than 1% early Friday following the SK Hynix offering.

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SK Hynix raises $26.5B in stock market debut

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SK Hynix raises $26.5B in stock market debut

SK Hynix raises $26.5B in stock market debut

The Controversies

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Bernstein

Altman

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