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# US investors will soon get access to SK Hynix, another memory maker riding the AI boom

**[TechCrunch](https://daily.dev/sources/tc)** · 2 min read · 0 upvotes · 0 comments

## Summary

South Korean memory chip maker SK Hynix is planning a US IPO, offering American depositary receipts that could raise around $28 billion. The company is benefiting from surging AI-driven demand for memory chips, with Q1 revenues up nearly 200% year-over-year and stock up 260% this year. A global shortage of HBM, DRAM, and NAND chips — dubbed 'RAMageddon' — has been caused by hyperscalers racing to build AI data centers. SK Hynix and Samsung have pledged over $550 billion in new manufacturing capacity, though analysts note the risk that supply could eventually outpace demand. Micron, the closest US peer, has surged nearly 700% over the past year to a $1 trillion valuation.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/07/06/us-investors-will-soon-get-access-to-sk-hynix-another-memory-maker-riding-the-ai-boom>

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