South Korea chip maker SK hynix rides AI boom raising $26.5bn in huge US listing

South Korean chipmaker SK hynix priced its US Nasdaq listing to raise $26.5bn, capitalizing on the AI-driven surge in demand for advanced memory chips. The offering was oversubscribed over seven times, marking one of the largest tech IPOs globally. SK hynix's market value surpassed $1 trillion earlier this year, joining elite companies benefiting from AI growth.