US investors will soon get access to SK Hynix, another memory maker riding the AI boom
South Korean chipmaker SK Hynix is planning a U.S. IPO to capitalize on the massive demand for AI-related memory chips. The company is currently benefiting from a global shortage of high-bandwidth memory chips driven by the rapid expansion of AI data centers.
South Korean memory chip maker SK Hynix, rival to Samsung and U.S.-based Micron , is planning to sell nearly 17.8 million shares in a U.S. IPO, the company said on Monday. Should its shares sell well (and there’s indication that they will), the company could raise around $28 billion, based on SK Hynix’s closing share price last Friday in Seoul, Bloomberg reports .
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