The AI chip boom just produced its biggest moment on Wall Street yet. SK Hynix, a South Korean memory chip giant, said on Friday that it had raised $26.5 billion (KRW 40 trillion) in its US market debut. SK Hynix sold 177.9 million American depositary shares (ADRs) at $149 each, structured so that American investors
South Korean computer chip maker SK Hynix has raised $26.5bn (£19.8bn) in its share offering in New York, marking the largest listing ever by a foreign company in the US. The company, a key supplier to artificial intelligence (AI) chip giant Nvidia, said on Thursday it had sold 177.9 million American depositary shares for $149
Kioxia may have become Japan’s most valuable company amid the AI boom, but South Korea’s chip giants still have a structural advantage, according to the Bain Capital executive who led the company’s purchase from Toshiba. “The reason South Korean companies are so successful in the semiconductor industry is the powerful vertical leadership and ownership structures
South Korean memory chip maker SK Hynix, a rival to Samsung and US-based Micron, plans to sell nearly 17.8 million shares in an initial public offering in the United States, the company said on Monday. If its shares sell well (and there are signs they will), the company could raise around $28 billion, based on