SK Hynix raises $26.5B in biggest foreign IPO, faces pressure to build U.S. fabs

The article reveals a tension between the immense capital flowing into AI memory chips and the geopolitical scramble to manufacture them domestically. SK Hynix just pulled off a $26.

5 billion U.S. IPO, the largest foreign IPO in American history, dwarfing even Alibaba’s 2014 debut.

The demand was over seven times the shares available, and the stock opened 14% above its IPO price. What makes this striking is that Korean companies usually suffer from the