SK Hynix plans $29 billion US stock listing to fund global AI chip expansion
Wall Street Journal—South Korean memory chipmaker SK Hynix is targeting a $29 billion listing on a US exchange, making it one of the largest foreign listings in American market history. The capital raise is aimed at funding expanded production capacity to meet surging demand for AI-related memory chips, particularly high-bandwidth memory used in data centers. The move comes as SK Hynix has emerged as a key supplier to Nvidia and other AI hardware leaders.