Memory Chip Maker SK Hynix Plans to Go Public with $28 Billion Offering

SK Hynix, a major manufacturer of computer memory chips, plans to go public on U.S. markets and raise roughly $28 billion—double what it first estimated. The larger target reflects explosive demand for faster memory components that power AI systems in data centers. The company's confidence in a bigger fundraising suggests the memory boom will last through its planned factory expansions.