SK hynix raises $26.5 billion in Nasdaq listing to boost semiconductor hub
South Korea's SK hynix raised $26.5 billion in a Nasdaq listing aimed at capitalizing on the AI boom. The offering was more than seven times oversubscribed, reflecting strong investor interest. Proceeds will fund a new semiconductor hub in Yongin and support ambitions to increase market leadership in memory chips.
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Published 10 Jul 2026, 05:06 UTC · Updated 10 Jul 2026, 05:30 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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