SK Hynix to Raise $28 Billion on Nasdaq Amid Strong AI Demand

SK Hynix is set to raise $28 billion through an ADR listing on the Nasdaq, marking one of history's largest stock sales. The funds will be used for chip facility expansion and purchasing ASML EUV machines, driven by rising demand in artificial intelligence.

By Omor Ibne Ehsan Mon, July 6, 2026 at 9:50 PM GMT+3 4 min read · Yahoo Finance · July 6, 2026, 18:50 UTC

SK Hynix to Raise $28 Billion on Nasdaq Amid Strong AI Demand

Tickers: $AMAT $ASML $AVGO $NVDA

Topics: AI demand IPO memory chips semiconductor industry

Read the full article at Yahoo Finance

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