SK Hynix prepares massive $28 billion NASDAQ listing as AI chip demand surges

SK Hynix is executing a massive American depositary share offering on NASDAQ, raising between $26.5 billion and $28 billion. This marks the largest first-time US share sale by a foreign company, fueled by surging AI chip demand. According to experts, this listing could shift investment focus from crypto to semiconductors, impacting capital allocation across tech sectors. The move leverages the company's position within the semiconductor supply chain to capitalize on the growing AI market.