South Korea’s AI chip darling SK hynix eyes record-breaking US$29b Nasdaq debut (opens original article in a new tab)

SK hynix, a South Korean AI chip manufacturer, is planning a $29 billion Nasdaq listing to expand its production of memory chips for artificial intelligence.

• SK hynix plans to raise $29 billion through a Nasdaq listing
• The company is expanding production of AI memory chips and has a major supplier relationship with Nvidia
• Proceeds from the offering will fund new chip facilities in South Korea