SK Hynix $28B U.S. Share Sale Fuels AI Expansion

The South Korean memory chip maker priced the offering on Wednesday, marking one of the largest share sales by an Asian company in the United States. The company will issue new shares to finance investments in high-bandwidth memory (HBM) chips, a critical component for AI data centers.

SK Hynix has seen surging demand for its HBM products from major AI developers, including Nvidia. The company's stock has more than doubled over the past year, reflecting investor optimism about the AI-driven semiconductor boom.

The share sale is expected to close later this week, with proceeds also earmarked for expanding production capacity and research into next-generation memory technologies. The listing on the New York Stock Exchange will give SK Hynix a direct presence in the world's largest capital market.

Analysts view the move as a strategic step to diversify funding sources and reduce reliance on domestic markets. SK Hynix's U.S. listing follows similar moves by other Asian tech giants seeking to tap into deep American investor pools.