SK Hynix's $28B Nasdaq ADR Offering Becomes Second‑Largest, Fuels AI Chip Rally
South Korean memory chip giant SK Hynix announced a $28 billion Nasdaq ADR offering—17.79 million new shares—to raise 43 trillion won, making it the second‑largest equity sale after SpaceX. Heavy investor interest and the timing amid an AI super‑cycle give the listing the potential to broaden global exposure to AI‑focused semiconductors.