India, Aug. 2 -- SK Hynix was once a struggling chipmaker. Today, the South Korean memory-chip maker is the country's second-most valuable listed company, behind Samsung Electronics. The company's rise has been closely linked to the AI boom. Demand for advanced memory chips has surged as companies build increasingly powerful artificial intelligence systems and data centers.

SK Hynix's stock has soared. Its share price has risen roughly 13-fold since the start of 2025, pushing its market value to about $1 trillion in May, according to Bloomberg. The company is now looking to expand its presence in the US. On July 10, SK Hynix's American depositary receipts, or ADRs, are set to begin trading on the Nasdaq Global Select Market, giving the c...