SK Hynix targets $38 billion US listing as AI demand surges
SK Hynix, the world's second-largest memory chipmaker, is targeting a $38 billion US listing as artificial-intelligence demand surges. The company plans to issue up to 17.79 million new shares. The move reflects Asian chipmakers' growing pivot toward the US market.
SK Hynix, the world's second-largest memory chipmaker, is targeting a $38 billion US listing amid an AI-driven surge in demand. As part of the plan, the company expects to issue up to 17.79 million new shares.
Demand for high-bandwidth memory (HBM), a critical component in AI servers, has rapidly lifted manufacturers' revenue and valuations. SK Hynix stands out for its strong position in that segment.
The US listing reflects how Asian chipmakers are pivoting toward the American market for capital access and proximity to customers. Analysts say the listing's success will depend on investor appetite for AI hardware.
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