SK Hynix Surges in Record $4.7 Billion US Share Sale

South Korean chipmaker SK Hynix has raised $4.7 billion through a stock sale in the United States, marking the largest-ever foreign equity offering on American markets. The company’s shares jumped 5% on the news, reflecting strong investor demand. The deal involved selling shares of SK Hynix’s US-listed subsidiary, Solidigm, to institutional investors. Proceeds will fund expansion of the company’s advanced memory chip production, particularly for AI data centers. Analysts say the sale signals growing global appetite for semiconductor stocks as artificial intelligence drives chip demand. SK Hynix is the world’s second-largest maker of high-bandwidth memory chips, used in Nvidia’s AI processors. The offering underscores a shift by Asian tech firms toward US capital markets for larger fundraising.