SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs

According to TechCrunch, South Korean memory chip maker SK Hynix raised twenty-six point five billion dollars in what is the biggest foreign IPO in US history, fueled by booming demand for AI chips. The company is now being urged to build new manufacturing facilities in the United States, along with fellow chip maker Samsung.

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