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SK Hynix shares jump 14% in their first trading session on Wall Street
SK Hynix was listed on the NASDAQ with an opening price of $170 per share and rose about 14%, reflecting investor interest in funding its expansion plans, including a $26.5 billion investment in new factories and equipment. The company is one of the largest in South Korea by market value and a leader in manufacturing high-performance computer memory used in AI chips. Demand for its products has surged due to the AI boom, more than doubling its value over the past year. Most of its expansion plans will be centered in South Korea, with a $4 billion packaging plant in Indiana.
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