is a news writer who covers the streaming wars, user tech, crypto, societal media, and overmuch more. Previously, she was a writer and editor astatine MUO.
As the AI roar boosts request for RAM, SK Hynix – 1 of the world’s biggest suppliers of representation chips – launched connected Wall Street Friday. The South Korean chipmaker opened astatine $170 per stock and raised $26.5 billion, surpassing Alibaba’s grounds arsenic the largest debut of a overseas company, according to reports from Associated Press and CNN.
After reaching a $1 trillion valuation successful May, SK Hynix concisely overtook Samsung arsenic South Korea’s astir valuable company. SK Hynix is one of 3 awesome companies benefitting from a surge successful request for DRAM and high-bandwidth representation (HBM). These components person go basal for the wide buildout of AI information centers, arsenic tech giants for illustration OpenAI, Microsoft, and Google usage DRAM for the servers to powerfulness their AI models, while HBM comes packaged wrong high-end AI chips for illustration Nvidia’s Blackwell Ultra.
As of June 2026, SK Hynix makes up 29 percent of the world DRAM market, pinch Samsung astatine 38 percent and Micron astatine 22 percent, according to information from Counterpoint. The 3 giants still can’t support up pinch representation request arsenic they proceed to prioritize high-paying AI customers complete instrumentality makers who request the chips for phones, computers, consoles, and more. SK Group president Chey Tae-won said successful June that the institution plans to ramp up its representation spot capacity complete the adjacent 5 years to reside a shortage that could past until 2030, Bloomberg reports.
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