Jun 24, 2026
positiveSK Hynix Targets $29.4 Billion U.S. Listing — AI Memory Leader Expands Capacity Amid Record Demand
SK Hynix announced plans to raise up to $29.4 billion through a U.S. listing, creating one of the largest equity offerings ever completed. The company has become a major supplier of high-bandwidth memory used in AI servers and plans to use proceeds to expand manufacturing capacity and purchase advanced chipmaking equipment. Investors view the transaction as another sign that AI infrastructure demand remains strong despite recent volatility across semiconductor stocks and global technology markets.