SK Hynix raises $28 billion to fix AI's memory bottleneck

SK Hynix will raise $28 billion through a Nasdaq listing priced July 10, deploying proceeds to expand high-bandwidth memory—specialized stacked RAM that feeds Nvidia's advanced AI chips. Supply has lagged demand since 2023. The capital funds expensive fabrication plants using extreme ultraviolet lithography, removing an infrastructure constraint that has held back generative AI scaling.