South Korea’s SK Hynix to launch $28 billion US listing to ride global AI wave

South Korea's SK Hynix is planning a US stock-market listing valued between $28 billion and $29 billion. This strategic move aims to leverage the global AI wave and boost the company's valuation. By listing in the US, SK Hynix intends to better compete within the global stock market, specifically targeting the demand for memory chips used in AI computing. The initiative reflects a broader strategy to strengthen its position amidst the rapid growth of artificial intelligence technologies.