Nvidia’s Huang hails SK Hynix Nasdaq debut, teases Japan AI deal

Nvidia ↘ 1.47% CEO Jensen Huang praised SK Hynix's American Depositary Receipt listing on Nasdaq as "incredibly successful" on Tuesday during a visit to Tokyo, while teasing a major AI collaboration with the Japanese government set to be unveiled on July 16.ajupress+1

A Landmark Listing

Huang's comments come less than a week after SK Hynix began trading on the Nasdaq Global Select Market on July 10 under the temporary ticker SKHYV, transitioning to SKHY on July 13. The South Korean chipmaker raised approximately $26.5 billion by pricing its ADRs at $149 each, making it the largest U.S. equity offering ever by a foreign company. The ADRs rose 13% on their first day of trading, according to The Wall Street Journal.channelnewsasia+3

The offering was more than seven times oversubscribed, according to Reuters, with Bank of America, Citigroup, Goldman Sachs The Goldman Sachs Group, Inc. ↘ 1.38%, and J.P. Morgan serving as underwriters. SK Hynix controls roughly 57% of the high-bandwidth memory market that powers Nvidia's AI chips.investing+1

Japan AI Collaboration on the Horizon

Huang also revealed plans to announce large-scale collaborations in AI and robotics with the Japanese government and major Japanese corporations on July 16. The visit marks a notable shift after Huang skipped Japan during his Asia tour in June, a decision that stirred anxiety in Tokyo over the country's role in the global AI supply chain.finance.biggo+2

Japan had previously expressed interest in investing heavily in physical AI and robotics infrastructure. Nvidia already has existing partnerships with Japanese firms including Fujitsu and SoftBank for AI infrastructure development.virginiabusiness+2

Supply Chain Confidence

Huang's public endorsement of SK Hynix's listing underscores the deepening ties between the two companies. Huang said last month that SK Hynix would continue to be Nvidia's largest partner. The memory chipmaker's dominance in high-bandwidth memory — the fast memory essential for running Nvidia's AI processors — makes the relationship central to the AI chip supply chain.stocksdownunder+1

SK Hynix's primary listing remains in Seoul, where the company became South Korea's most valuable enterprise earlier this year with a valuation exceeding $1 trillion.instagram