SK Hynix's U.S. IPO Target Doubles to $28 Billion as AI Memory Demand Accelerates

SK Hynix plans to raise roughly $28 billion through a U.S. IPO of American depositary shares starting July 10, 2026—nearly double its initial $14 billion estimate filed confidentially in March. The increase reflects surging demand for high-bandwidth memory chips powering AI accelerators in data centers. As the world's second-largest memory producer, SK Hynix's expanded raise suggests confidence that AI-driven memory growth will sustain through ongoing fab expansion cycles.