SK Hynix raises $26.5B in largest foreign IPO in US history
South Korean memory chip giant SK Hynix has raised a record-breaking $26.5 billion through its U.S. initial public offering (IPO), surpassing Alibaba's previous benchmark set in 2014. The strong investor demand and premium pricing indicate confidence in the company’s role as a key supplier of high-bandwidth memory for AI GPUs, particularly to Nvidia.
Topics: AI chip market IPO memory chips SK Hynix