SK Hynix raised $26.5 billion in its U.S

The largest ever listing by a foreign firm

SK Hynix targets up to $29.4 billion in a Nasdaq ADR offering, backed by 7x oversubscription, to fund AI chip factory expansion and ASML equipment

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

The South Korean chip giant's debut would be the largest US listing by a foreign firm.