South Korean chip maker SK Hynix raises $26.5 billion by listing on U.S. stock exchange

SK Hynix, a major South Korean memory chipmaker, raised $26.5 billion by listing on NASDAQ—the U.S. stock exchange—using a structure that lets American investors buy shares without dealing with Korean settlement systems. The move opens doors to index funds and options trading unavailable back home, reflecting a growing trend: Asian chip makers now want direct access to American investors rather than relying on indirect offshore deals.