SK hynix, a supplier of advanced memory chips, has seen profits skyrocket thanks to the global race to build AI datacentres

SK Hynix's $28 billion Nasdaq ADR listing drew 7x oversubscription, with cornerstone investors committing $7 billion as AI chip demand fuels record

SK Hynix's $28 billion Nasdaq ADR offering drew $196 billion in demand, oversubscribed seven times, signaling massive institutional appetite for AI

Company aims to use proceeds to expand output as AI demand remains strong