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 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. Continue reading...
Opening excerpt (first ~120 words) tap to expand
South Korean chip maker SK hynix will raise $26.5bn in what will be one of the world’s biggest stock sales. Photograph: Dado Ruvić/ReutersView image in fullscreenSouth Korean chip maker SK hynix will raise $26.5bn in what will be one of the world’s biggest stock sales. Photograph: Dado Ruvić/ReutersSouth KoreaSouth Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listingSK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentresAgence France-PresseFri 10 Jul 2026 01.06 EDTSharePrefer the Guardian on GoogleSouth 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…
Excerpt limited to ~120 words for fair-use compliance. The full article is at the Guardian.
Discussion
0 commentsMore from the Guardian
