technology
SK Hynix raises $26.5 billion in largest U.S. listing by a foreign company
South Korean chipmaker SK Hynix raised $26.5 billion in its New York listing, the largest public raise by any foreign company in the United States. The company's market value has grown sixfold in the past year to exceed $1 trillion.
Jul 10, 8:51 AM·1m read4 sources
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SK Hynix raised $26.5 billion through its New York listing, the largest public raise by any foreign company in the United States. The company’s market value has grown sixfold over the past twelve months and now exceeds $1 trillion. The listing drew attention to continued investor interest in technology stocks.
-China AI chip race. -trained entrepreneur, is working to reduce China’s dependence on imported chips. Meta has stated it will join other large technology companies in developing its own semiconductors.
“A growing pie is big enough for everyone. But others will be looking for signs that it’s more of a zero-suming,” said Jeronimo Gonzalez.
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CorroborationLimited · 4 sources
