Nikkei Asia
AsiaPac · 2 hrs ago
SK Hynix rallies in biggest-ever foreign share sale in US
MarketsSouth Korean chipmaker priced its shares at $149, riding investor demand for AI stocksSK Hynix intends to use the newly raised capital for construction of production facilities and acquiring chipmaking equipment. © ReutersPAK YIUJuly 11, 2026 00:54 JSTUpdated on July 11, 2026 06:00 JSTNEW YORK -- SK Hynix rose about 13% on its first trading day after the South Korean chipmaker raised $26.5 billion in the largest-ever share sale by a foreign company in the U.S. amid strong investor demand for AI stocks.
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