Hardware3h ago
SK Hynix Raises $26.5 Billion In US Debut
SK Hynix priced 177.9 million American depositary receipts at $149 each on Thursday. This $26.5 billion offering is the largest US initial share sale by a foreign company. Demand for memory chips now outpaces production capacity. The move provides SK Hynix critical capital to scale HBM production for AI accelerators.