SK Hynix rallies in biggest-ever foreign share sale in US

South Korean chipmaker priced its shares at $149, riding investor demand for AI stocks SK Hynix intends to use the newly raised capital for construction of production facilities and acquiring chipmaking equipment. © Reuters NEW YORK — SK Hynix rose about 13% on its first trading day after the South Korean chipmaker raised $26.5 billion in the largest-ever share sale by a foreign company in the U.S. amid strong investor demand for AI stocks.

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