Hedge fund led by former OpenAI researcher backs SK Hynix US listing in potential $29B offering

SK Hynix plans $29B US listing, potentially largest by foreign firm

SK Hynix plans $29.4B Nasdaq ADR listing (largest foreign raise ever) to fund HBM production and advanced packaging. Move addresses Korea valuation discount versus Micron while betting on sustained AI-chip demand—significant capex risk if spending decelerates.