South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing

South Korean chip maker SK hynix set pricing for its mega US listing on Friday, aiming to raise $26.5bn in one of the world's biggest stock sales, capitalizing on the AI boom. The company, a supplier of advanced memory chips, has seen profits skyrocket due to global demand for AI datacentres.

South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing The Guardian Technology https://www.theguardian.com/us/technology 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... 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... https://www.theguardian.com/world/2026/jul/10/south-korea-chip-maker-sk-hynix-rides-ai-boom-raising-265bn-in-huge-us-listing Get AI news in your inbox Daily digest of what matters in AI.