Asia

Chip giant SK Hynix to launch $36 billion US listing to ride global AI wave

South Korean memory chipmaker SK Hynix is reported to be planning a $36 billion listing in the United States to capitalize on global AI demand. The company is benefiting from surging memory demand tied to AI data centers. The deal could rank among the year's largest listings.

A close-up of a semiconductor chip wafer
A close-up of a semiconductor chip waferPhoto: Pixabay / Pexels
Straits Times Business2 h ago

South Korean memory chipmaker SK Hynix is reported to be preparing a listing in the United States valued at roughly $36 billion. According to the report, the deal targets strong demand for artificial-intelligence infrastructure.

SK Hynix is one of the leading suppliers of products such as high-bandwidth memory used in AI data centers. The surge in AI investment has markedly lifted demand for these high-performance memory chips.

If completed, the listing could rank among the year's largest public offerings. The final size and timing of the transaction will depend on market conditions. The company has not yet released an official timeline for the process.

TechM&AAsiaStraits Times Business
This article is an AI-curated summary of the original story published by Straits Times Business. The illustration is a stock photo by Pixabay from Pexels and is not from the original story.

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