SK Hynix Raises $26.5 Billion in US Listing

Washington DC. South Korea's computer chip maker SK Hynix has raised $26.5 billion from its share listing in the United States. The company has stated that this is the largest share listing by any foreign company in the US to date.

SK Hynix, one of the main suppliers of artificial intelligence (AI) chip maker Nvidia, sold 177.9 million American Depositary Shares at $149 per share on Thursday. These shares will be traded on the Nasdaq Stock Exchange from Friday. Due to the rapidly increasing demand for AI chips, SK Hynix's market value in South Korea exceeded 1 trillion won last May.