Finance
SK Hynix Launches $28 Billion Nasdaq Listing to Ride the Global AI Chip Boom
South Korean memory chipmaker SK Hynix has launched a US listing on Nasdaq that could raise about $28 billion, selling shares as American Depositary Receipts to tap a much larger pool of investors. The deal ranks as the second-biggest share sale on record behind SpaceX's IPO, and reflects surging global demand for the high-bandwidth memory chips that power AI systems built by companies like Nvidia and Google.
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US and Iran Report Progress in Doha Talks as Oil Prices Fall Back to Pre-War Levels
World · Jul 6 · L1-L4
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