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Nvidia’s biggest RAM supplier just had a trillion-dollar debut on Wall Street

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A photo of SK Hynix CEO Kwak Noh-Jung.

SK Hynix CEO Kwak Noh-Jung. | Image: Michael Nagle/Bloomberg via Getty Images

As the AI boom boosts demand for RAM, SK Hynix – one of the world’s biggest suppliers of memory chips – launched on Wall Street Friday. The South Korean chipmaker opened at $170 per share and raised $26.5 billion, surpassing Alibaba’s record as the largest debut of a foreign company, according to reports from Associated Press and CNN.

After reaching a $1 trillion valuation in May, SK Hynix briefly overtook Samsung as South Korea’s most valuable company. SK Hynix is one of three major companies benefitting from a surge in demand for DRAM and high-bandwidth memory (HBM). These components have become essential for the widespread buildout of AI …

Read the full story at The Verge.

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