SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs
TechCrunch
South Korean chipmaker SK Hynix raised $26.5 billion in a record-breaking US IPO while facing pressure to expand domestic manufacturing.Summary
SK Hynix has completed the largest-ever US IPO by a non-American company, raising $26.5 billion amid high demand driven by the AI chip boom. The company’s stock, which saw significant interest on its debut, is bolstered by its critical role as a supplier of high-bandwidth memory to industry leaders like Nvidia. Despite this successful capital raise, US Commerce Secretary Howard Lutnick is actively lobbying SK Hynix and Samsung to build new fabrication facilities in the United States to reduce reliance on South Korean manufacturing.
(Source：TechCrunch)