SK Hynix Seeks $29 Billion With US Listing to Fund AI Boom

SK Hynix is preparing for a United States stock market listing expected to raise approximately $29.4 billion. The capital injection is intended to expand production capacity for high-bandwidth memory chips, which are essential components in artificial intelligence infrastructure. This deal, potentially one of the largest share offerings in history, reflects the significant financial investment currently flowing into the hardware supply chain to support rising AI development.