SK Hynix announced a U.S. listing that will raise $28 billion in fresh capital. The move places the South Korean memory‑chip maker among the largest share sales ever and makes it straightforward for American investors to own a company that recently crossed the $1 trillion market‑cap threshold.

Demand for memory chips powering AI has lifted SK Hynix and rival Samsung Electronics to record gains—765% and 415% over the past year. Korean exchange shares have surged, but a lack of U.S. depositary receipts has kept most gains out of U.S. portfolios.

U.S. investors have relied on indirect vehicles such as the Roundhill Memory ETF, which hit $20 billion in assets. In May, Interactive Brokers opened trading in Korean equities, but the SK Hynix debut is the first direct listing that can reshape exposure. The company began trading in the U.S. on Friday, and the Nasdaq composite climbed 1.1% in the session, lifting the broader technology index.

The offering will dilute existing shareholders but provides a new avenue for capital. Analysts view the transaction as a sign that the U.S. market is ready to absorb larger global chip names, and the listing could shift capital flows toward memory‑chip stocks, tightening the link between AI demand and equity valuations.