SK Hynix raised $26.5 billion in its US debut, surpassing Alibaba's 2014 record. The seven-times oversubscribed offering signals massive AI chip demand.

The largest ever listing by a foreign firm

SK Hynix's $28 billion US share sale attracted investor demand exceeding offerings by seven times, driven by optimism around AI supply chain growth and chipmaking advancements.

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