SK Hynix's $28 billion US share sale draws more than seven times demand: Reports

SK Hynix's proposed $28 billion share sale in the US saw demand exceed offerings by seven times. This strong investor response highlights significant appetite for AI supply chain companies. The South Korean chipmaker is raising funds for new factories and equipment production. Investor optimism lifted SK Hynix shares by about six percent in morning trading. The company is a leading supplier of high-bandwidth memory chips for Nvidia.

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