{"id":2036160,"date":"2026-07-09T13:55:37","date_gmt":"2026-07-09T10:55:37","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2036160"},"modified":"2026-07-09T13:55:37","modified_gmt":"2026-07-09T10:55:37","slug":"sk-hynix-from-near-collapse-to-a-1-trillion-valuation-and-a-nasdaq-listing","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2036160","title":{"rendered":"SK hynix: From near-collapse to a $1 trillion valuation and a Nasdaq listing"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/83\/14\/93\/1200x675_cmsv2_08138abe-fbd7-5911-8942-55941d1264dd-9831493.jpg&#8221;]<\/p>\n<article id=\"abe-2908622-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908622\" data-cid=\"9832378\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908622-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/21\/99\/189x106_cmsv2_75e3ce28-c93e-526a-a6c9-4b862e849a7d-9832199.jpg\" loading=\"lazy\" alt=\"Vienna&apos;s fiakers amid the heatwave \u2013 27 June 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Climate<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Secret 10 July weather lore: How intense this summer&#8217;s heat will be\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908030-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908030\" data-cid=\"9829079\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908030-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/90\/43\/189x106_cmsv2_d770b3d3-5271-5847-ae78-d13aead15eb5-9829043.jpg\" loading=\"lazy\" alt=\"Rescue teams and volunteers search the rubble of a building that collapsed during the earthquakes in La Guaira, Venezuela, on Monday 6 July 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    What is HAARP and can it cause earthquakes?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908617-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2908617\" data-cid=\"9832157\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908617-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/21\/57\/189x106_cmsv2_62a977de-8f21-5eb5-b793-df509da7136a-9832157.jpg\" loading=\"lazy\" alt=\"AP photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    This Croatian island has a centuries-old way to beat the summer heat\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908712-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2908712\" data-cid=\"9832751\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908712-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/27\/51\/189x106_cmsv2_8ee9d72e-430e-5a7d-828a-219a6e37ef57-9832751.jpg\" loading=\"lazy\" alt=\"Celebration after Ousmane Dembele scored France&apos;s second goal during the World Cup quarterfinal match against Morocco in Foxborough, Thursday, July 9, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Sport<\/p>\n<div class=\"the-media-object__title  \">\n<p>    France defeats Morocco 2-0 and advances to World Cup semifinals\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908622-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908622\" data-cid=\"9832378\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908622-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/21\/99\/189x106_cmsv2_75e3ce28-c93e-526a-a6c9-4b862e849a7d-9832199.jpg\" loading=\"lazy\" alt=\"Vienna&apos;s fiakers amid the heatwave \u2013 27 June 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Climate<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Secret 10 July weather lore: How intense this summer&#8217;s heat will be\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908030-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908030\" data-cid=\"9829079\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908030-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/90\/43\/189x106_cmsv2_d770b3d3-5271-5847-ae78-d13aead15eb5-9829043.jpg\" loading=\"lazy\" alt=\"Rescue teams and volunteers search the rubble of a building that collapsed during the earthquakes in La Guaira, Venezuela, on Monday 6 July 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    What is HAARP and can it cause earthquakes?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908617-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2908617\" data-cid=\"9832157\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908617-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/21\/57\/189x106_cmsv2_62a977de-8f21-5eb5-b793-df509da7136a-9832157.jpg\" loading=\"lazy\" alt=\"AP photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    This Croatian island has a centuries-old way to beat the summer heat\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2908712-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2908712\" data-cid=\"9832751\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908712-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/27\/51\/189x106_cmsv2_8ee9d72e-430e-5a7d-828a-219a6e37ef57-9832751.jpg\" loading=\"lazy\" alt=\"Celebration after Ousmane Dembele scored France&apos;s second goal during the World Cup quarterfinal match against Morocco in Foxborough, Thursday, July 9, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Sport<\/p>\n<div class=\"the-media-object__title  \">\n<p>    France defeats Morocco 2-0 and advances to World Cup semifinals\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Markets<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            SK hynix: From near-collapse to a $1 trillion valuation and a Nasdaq listing<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/14\/93\/1536x864_cmsv2_08138abe-fbd7-5911-8942-55941d1264dd-9831493.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE. A model of SK hynix&apos;s high-bandwidth memory (HBM) technology is displayed during the World IT Show at COEX in Seoul, South Korea, 25 April 2025\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. A model of SK hynix&#8217;s high-bandwidth memory (HBM) technology is displayed during the World IT Show at COEX in Seoul, South Korea, 25 April 2025<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Ahn Young-joon<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Ahn Young-joon\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1783605337\">\n         Published on<br \/>\n            <time datetime=\"2026-07-09 15:55:37 +02:00\">09\/07\/2026 &#8211; 15:55 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer js-c-article-share-comment-close\" 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height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>South Korean chipmaker SK hynix, known for its high-bandwidth memory chips, is preparing to raise roughly $28 billion (\u20ac24.5bn) on Wall Street, a sum surpassed only by SpaceX&#8217;s record flotation last month. <\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>It is an extraordinary outcome for a firm that once survived on job cuts and asset sales.<\/p>\n<p>Pricing is due on Thursday, with trading expected to begin on Friday under the ticker SKHY. <\/p>\n<p>SK hynix is issuing 17.79 million new shares in the form of American depositary receipts (ADRs), each representing a tenth of a Seoul-listed share, and cornerstone investors including Baillie Gifford and funds run by Coatue Management have signalled interest in up to $7 billion (\u20ac6.1bn) worth of stock.<\/p>\n<p>The target was trimmed from an initial $29.6 billion (\u20ac25.9bn) after the shares slipped in recent weeks.<\/p>\n<p>ADRs are certificates traded on a US exchange that stand in for shares held abroad, letting American investors buy into a foreign company without dealing in a foreign currency or market.<\/p>\n<p>Unlike a conventional flotation, this is not SK hynix&#8217;s stock market debut. Its primary listing remains on Seoul&#8217;s Kospi index, and the Nasdaq offering simply opens a second, dollar-denominated avenue for investors to gain exposure.<\/p>\n<p>The listing arrives with the company already worth more than $1 trillion (\u20ac876bn), a threshold also crossed by rivals Samsung Electronics and Micron, after a surge of more than 200% this year.<\/p>\n<p>Proceeds will fund new fabrication plants, chiefly a vast cluster in Yongin, plus its first US packaging facility in Indiana. <\/p>\n<p>The move is partly about valuation. Korean-listed chipmakers have long traded at a discount to American peers, and a Nasdaq listing offers a chance to close that gap.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Cerebras targets Europe with multibillion-dollar AI expansion, challenging Nvidia<\/li>\n<li class=\"c-widget-related__item\">South Korea to funnel AI chip tax windfall into public investment, housing and jobs<\/li>\n<\/ul>\n<\/div>\n<h2>The AI memory boom \u2014 and the risks<\/h2>\n<p>The AI build-out has transformed the industry&#8217;s economics. <\/p>\n<p>As hyperscalers pour hundreds of billions into data centres, memory prices have exploded, with DRAM up 44% and NAND flash up 53% in a single quarter, according to Citi Research, and manufacturers have already sold most of their 2026 production.<\/p>\n<p>SK hynix reported first-quarter revenue above 50 trillion won (\u20ac29bn) and operating margins north of 70%, figures unheard of for a chipmaker, and commands about 60% of the high-bandwidth memory (HBM) market, according to Counterpoint Research.<\/p>\n<p>Yet the timing is delicate. <\/p>\n<p>Memory has always been a brutally cyclical business. The AI-driven rally that transformed SK hynix has begun to wobble as chip stocks sold off sharply across Asia last week, and Samsung lost more than $100 billion (\u20ac87.5bn) in market value despite posting a record profit.<\/p>\n<p>Investors are increasingly asking whether the vast sums being spent on AI infrastructure will earn a return, a question that the Bank for International Settlements raised in late June when it warned that the boom could seed the next financial crash.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">The AI boom propping up markets could trigger the next crash, central banks warn<\/li>\n<li class=\"c-widget-related__item\">Samsung loses over $100bn in market value despite record AI-driven profit<\/li>\n<\/ul>\n<\/div>\n<h2>Built, broken and rebuilt<\/h2>\n<p>Those concerns are not new for SK hynix.<\/p>\n<p>SK hynix traces its roots to Gukdo Construction, founded in 1949, which moved into electronics in 1983 as Hyundai Electronics, an arm of the Hyundai empire. <\/p>\n<p>The Asian financial crisis of the late 1990s brought disaster. Under an IMF-backed restructuring of the Korean economy, Hyundai absorbed rival LG&#8217;s semiconductor business, creating a giant that promptly buckled under its own debts.<\/p>\n<p>Salvation came in stages. <\/p>\n<p>Renamed Hynix Semiconductor in 2001, a contraction of &#8220;high&#8221; and &#8220;electronics&#8221;, the firm cut jobs, shed assets and split from Hyundai. Profits returned, but the violent swings of the DRAM market left it perpetually exposed. <\/p>\n<p>Starved of capital, it was rescued in 2012 by the telecoms conglomerate SK Group, becoming SK hynix. The takeover proved decisive. SK Group poured money into high-bandwidth memory, then a costly and unprofitable technology that few believed in. <\/p>\n<p>Today it has become the scarcest commodity in AI computing. And the firm employs nearly 46,900 people.<\/p>\n<\/div>\n<footer class=\"perf-cv-auto c-article-contributors c-article-contributors-supplementary u-margin-top-2 u-padding-top-2\">\n<p>Additional sources<strong> \u2022 AFP<\/strong><\/p>\n<\/footer>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div 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id=\"abe-2908487-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/12\/88\/320x180_cmsv2_96e7e2d3-c81d-5fc5-8762-8bc2784a1e41-9831288.jpg\" loading=\"lazy\" alt=\"Participants walk near displays during the NATO Defence Industry Forum at the NATO summit in Ankara, Turkey, 7 July 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Can a new global defence bank unlock \u00a3100bn for rearmament?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907986-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2907986\" data-cid=\"9828740\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907986-label-pos4-top-stories\" class=\"the-media-object__figure\"><img 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src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/92\/95\/320x180_cmsv2_13eadd5d-f38e-5a1a-99e8-fcff5fc2a9c8-9829295.jpg\" loading=\"lazy\" alt=\"General view of the seafront and hotels in Opatija, Croatia, Saturday, May 15, 2021. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    House prices and rents: Where did they rise most in early 2026?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908495-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2908495\" data-cid=\"9831392\" data-part-label=\"Partner content\">\n<figure id=\"abe-2908495-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/13\/92\/320x180_cmsv2_6b2dc1ca-b35d-5724-abf0-e8b0b45b2cd0-9831392.jpg\" loading=\"lazy\" alt=\"File - Cerebras&apos; Andromeda, pictured with the doors on, a 13.5 million core AI Supercomputer. 14 Nov. 2022\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Cerebras targets Europe with multibillion-dollar AI expansion<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907779-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2907779\" data-cid=\"9827608\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    The five fastest-growing economies in Europe over the next five years<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908508-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2908508\" data-cid=\"9831571\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Volkswagen weighs 100,000 job cuts in battle for survival<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908205-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908205\" data-cid=\"9830023\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    How cutting trade ties between Spain and the US would hit both sides<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907999-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2907999\" data-cid=\"9828995\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why Morocco&#8217;s olive oil exports to Spain jumped 100-fold<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908087-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908087\" data-cid=\"9829295\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    House prices and rents: Where did they rise most in early 2026?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">South Korean chipmaker SK hynix, known for its high-bandwidth memory chips, is preparing to raise roughly $28 billion (\u20ac24.5bn) on Wall Street, a sum surpassed only by SpaceX&#8217;s record flotation last month.It is an extraordinary outcome for a firm that once survived on job cuts and asset sales.Pricing is due on Thursday, with trading expected to begin on Friday under the ticker SKHY.SK hynix is issuing 17.79 million new shares in the form of American depositary receipts (ADRs), each representing a tenth of a Seoul-listed share, and cornerstone investors including Baillie Gifford and funds run by Coatue Management have signalled interest in up to $7 billion (\u20ac6.1bn) worth of stock.The target was trimmed from an initial $29.6 billion (\u20ac25.9bn) after the shares slipped in recent weeks.ADRs are certificates traded on a US exchange that stand in for shares held abroad, letting American investors buy into a foreign company without dealing in a foreign currency or market.Unlike a conventional flotation, this is not SK hynix&#8217;s stock market debut. Its primary listing remains on Seoul&#8217;s Kospi index, and the Nasdaq offering simply opens a second, dollar-denominated avenue for investors to gain exposure.The listing arrives with the company already worth more than $1 trillion (\u20ac876bn), a threshold also crossed by rivals Samsung Electronics and Micron, after a surge of more than 200% this year.Proceeds will fund new fabrication plants, chiefly a vast cluster in Yongin, plus its first US packaging facility in Indiana.The move is partly about valuation. Korean-listed chipmakers have long traded at a discount to American peers, and a Nasdaq listing offers a chance to close that gap.The AI memory boom \u2014 and the risksThe AI build-out has transformed the industry&#8217;s economics.As hyperscalers pour hundreds of billions into data centres, memory prices have exploded, with DRAM up 44% and NAND flash up 53% in a single quarter, according to Citi Research, and manufacturers have already sold most of their 2026 production.SK hynix reported first-quarter revenue above 50 trillion won (\u20ac29bn) and operating margins north of 70%, figures unheard of for a chipmaker, and commands about 60% of the high-bandwidth memory (HBM) market, according to Counterpoint Research.Yet the timing is delicate.Memory has always been a brutally cyclical business. The AI-driven rally that transformed SK hynix has begun to wobble as chip stocks sold off sharply across Asia last week, and Samsung lost more than $100 billion (\u20ac87.5bn) in market value despite posting a record profit.Investors are increasingly asking whether the vast sums being spent on AI infrastructure will earn a return, a question that the Bank for International Settlements raised in late June when it warned that the boom could seed the next financial crash.Built, broken and rebuiltThose concerns are not new for SK hynix.SK hynix traces its roots to Gukdo Construction, founded in 1949, which moved into electronics in 1983 as Hyundai Electronics, an arm of the Hyundai empire.The Asian financial crisis of the late 1990s brought disaster. Under an IMF-backed restructuring of the Korean economy, Hyundai absorbed rival LG&#8217;s semiconductor business, creating a giant that promptly buckled under its own debts.Salvation came in stages.Renamed Hynix Semiconductor in 2001, a contraction of &#8220;high&#8221; and &#8220;electronics&#8221;, the firm cut jobs, shed assets and split from Hyundai. Profits returned, but the violent swings of the DRAM market left it perpetually exposed.Starved of capital, it was rescued in 2012 by the telecoms conglomerate SK Group, becoming SK hynix. The takeover proved decisive. SK Group poured money into high-bandwidth memory, then a costly and unprofitable technology that few believed in.Today it has become the scarcest commodity in AI computing. And the firm employs nearly 46,900 people.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/07\/09\/sk-hynix-from-near-collapse-to-a-1-trillion-valuation-and-a-nasdaq-listing&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/83\/14\/93\/1200x675_cmsv2_08138abe-fbd7-5911-8942-55941d1264dd-9831493.jpg&#8221;] Climate Secret 10 July weather lore: How intense this summer&#8217;s heat will be Earth News What is HAARP and can it cause earthquakes? Earth News This Croatian island has a centuries-old way to beat the summer heat Sport France defeats Morocco 2-0 and advances to World Cup semifinals Climate Secret 10 July [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2036160","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2036160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2036160"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2036160\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2036160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2036160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2036160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}