SK Hynix hits the U.S. stock market as demand for memory chips soars amid AI frenzy

SK Hynix is listing its American depositary receipts (ADRs) on the U.S. stock market amid soaring demand for memory chips driven by AI development. The company raised $26.5 billion through the offering, partnered with Nvidia for advanced memory chips, and plans to expand in the U.S. with a production facility in Indiana.