South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing
South Korean semiconductor firm SK hynix is raising $26.5 billion through a major US stock listing on the Nasdaq. The company has seen significant growth due to high demand for memory chips used in AI datacenters.
Why it matters
This represents one of the largest stock market debuts in history, signaling continued investor confidence in the AI hardware supply chain despite recent market volatility.
South Korean chip maker SK hynix will raise $26.5bn in what will be one of the world’s biggest stock sales. South Korean chip maker SK hynix will raise $26.5bn in what will be one of the world’s biggest stock sales. South Korea South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentres
Prefer the Guardian on Google South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn as it takes advantage of the AI boom in what will be one of the world’s biggest ever stock sales.
The Asian semiconductor giant plans to issue the equivalent of about 18m shares on Wall Street’s tech-heavy Nasdaq index later in the day.
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