South Korean chip maker SK hynix leverages the global AI datacentre expansion, setting a record $26.5bn US listing, marking one of the largest stock sales in history.

SK Hynix plans a $28 billion Nasdaq ADR listing, already 7x oversubscribed, as the AI memory chip leader targets US investors with ticker SKHY on July 10.

SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping…

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