SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs
AI Today Summary
SK Hynix, a South Korean memory chip manufacturer, raised $26.5 billion in its U.S. IPO, marking the largest foreign IPO in U.S. history and surpassing Alibaba's 2014 record. The company plans to use the funds to expand production facilities in South Korea, while U.S. officials are encouraging chipmakers like SK Hynix and Samsung to build new manufacturing plants in the United States to bolster domestic chip production.
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