SK Hynix hits U.S. stock market
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SK Hynix, Expects Memory Crunch
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Here's what a record-breaking share sale says about demand for the chips powering AI.
South Korean memory chipmaker SK Hynix overcame market volatility to raise $26.5B in its U.S. American depositary receipt debut, marking the larg
SK Hynix made a splash on the stock market.
SK Hynix has soared to a trillion-dollar market cap by serving some of the biggest names in technology, including Nvidia and Apple.
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Artificial intelligence has turned memory chips into one of the most valuable pieces of the semiconductor supply chain. Nvidia‘s (NASDAQ:NVDA) AI accelerators grab the headlines, but high-bandwidth memory (HBM) has quietly become just as essential because advanced AI chips can’t deliver peak performance without it.
The 177.9 million ADR sale drew demand from long-only funds, tech funds, sovereign wealth funds, and Asia-focused investors