SK Hynix Targets Massive US IPO To Fuel Global AI Chip Expansion

SK Hynix is pursuing a major capital raise and expanding production amid intensifying competition in the AI chip market.U.S. IPO Plans To Fund ExpansionSK Hynix plans to confidentially file for a U.S. IPO in the second half of 2026, potentially selling 2% to 3% of its shares, Reuters reported on Wednesday.A source told Reuters that the offering could raise up to $14 billion, though details remain undecided.The company intends to use the funds to build new chip factories in South Korea and Indiana to meet ri ...