South Korean memory chipmaker SK Hynix began trading on the Nasdaq after launching its new US listing on Friday, cashing in on the surging demand driven by the global buildout of artificial intelligence.

The largest ever listing by a foreign firm

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.

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

South Korean chipmaker SK Hynix successfully raised $26.5 billion through its ADR offering. This significant fundraising highlights robust global investor interest in AI…

SK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong investor demand for AI-linked chip stocks. The South Korean semiconductor…

SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip stocks amid the AI revolution. The…