SK Hynix: South Korean memory chip titan raises $26.5bn in the US

Company aims to use proceeds to expand output as AI demand remains strong SK Hynix is among the many chipmakers racing to expand production capacity to keep up with AI demand. (Photo by Ken Kobayashi) SEOUL — SK Hynix has raised $26.5 billion on the Nasdaq market on Friday after the South Korea chipmaker set an offering price of $149 per share for its share sale, making it one of the bourse's biggest-ever listings.

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