SK hynix aims to raise $26.5bn in mega US listing, riding AI boom

Jul 11, 2026

South Korean chip maker SK hynix set pricing for its US listing on Friday, aiming to raise $26.5bn in one of the world's biggest stock sales. The company, a supplier of advanced memory chips, has seen profits skyrocket due to the global race to build AI datacentres.

Why it matters: This listing underscores the massive capital investment flowing into AI infrastructure, with memory chip suppliers like SK hynix becoming critical beneficiaries.

Full story at: The Guardian / AI ↗