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

According to The Guardian, South Korean memory chip maker SK hynix has priced one of the largest stock sales in history, aiming to raise twenty-six point five billion dollars in a major US listing. The company plans to issue the equivalent of about eighteen million shares on the Nasdaq. SK hynix, a supplier of advanced memory chips, has seen its profits surge on the back of the global race to build data centers for artificial intelligence.

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