SK Hynix raises $26.5B in largest foreign US IPO

South Korean memory-chip maker SK Hynix raised $26.5 billion in a US listing, the biggest foreign IPO in US history, driven by demand for AI memory chips. US officials are pressing SK Hynix and Samsung to build domestic chip factories.

Why it matters: SK Hynix is a leading supplier of the high-bandwidth memory that AI accelerators depend on, so its expansion and US manufacturing plans affect AI hardware supply.