Chip giant SK Hynix targets huge $29 billion US listing as AI demand surges (opens original article in a new tab)

SK Hynix plans a $29.4bn US stock listing to capitalize on AI demand, aiming to become one of the largest global offerings, with proceeds用于 building chip factories and purchasing equipment.

• SK Hynix plans to raise $29.4bn via a US stock listing to capitalize on AI demand
• The offering would be the second-largest share sale after SpaceX's $85.7bn IPO
• Proceeds will fund chip factory construction and equipment purchases in South Korea
• SK Hynix is the world's second-largest memory chipmaker and a key supplier to AI companies like Nvidia and Google