business
SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzy
By Associated Press at KSAT 12 (ABC affiliate)
· July 10, 2026
· 3 min read
Shares of South Korean memory chipmaker SK Hynix rose 12.8% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence. The company is already one of the largest in South Korea, along with Samsung Electronics, and is a m...
Key takeaway 8% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence.
Why this matters in The San Antonio
San Antonio 's thriving tech industry is likely to feel the ripple effects of SK Hynix's massive US stock market debut. As a major hub for semiconductor manufacturing, the Alamo City is home to a number of companies that rely on memory chips for their operations. With demand for these chips outpacing supply, local businesses may face increased costs and potential supply chain disruptions. On the other hand, the city's strong presence in the tech sector could also attract investment and talent from companies like SK Hynix, which is planning to build its first US production facility in Indiana. The fact that the US is SK Hynix's largest market, accounting for nearly 70% of its revenue, suggests that the company may be looking to expand its presence in the country, potentially creating new opportunities for San Antonio's tech industry.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 10, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 3 min
Get more The San Antonio stories like this
Free weekly briefing covering business and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? Shares of South Korean memory chipmaker SK Hynix rose 12.8% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence. The company is already one of the largest in South Korea, along with Samsung Electronics, and is a m...
When was this published? This article was first published on July 10, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
← Back to all news
More business →
Today’s briefing
Subscribe to newsletter