South Korean company SK Hynix is seeking to raise $10 billion through a potential Wall Street listing, as global companies accelerate efforts to boost their production capacity to meet the growing demand for memory chips and artificial intelligence technologies. The potential proceeds are earmarked to bolster AI infrastructure, such as a semiconductor complex in Yongin, South Korea, in addition to expanding production capacity for memory products. According to the Korea Economic Daily, citing industry sources, SK Hynix is planning to issue new shares for an American Depositary Receipt (ADR) listing. The SK Hynix stock offering...
