SK Hynix Courts US AI Investors With $29 Billion IPO

South Korean semiconductor maker SK Hynix is preparing to go public in the U.S. And as Bloomberg News reported Sunday (July 5), the company’s $29 billion listing — set for July 10 and believed to be the largest ever share sale by a foreign firm — is about more than simply raising cash, but about competing for the white hot market for memory chips used in AI computing. The report noted that SK Hynix has for years struggled to compete with American rival Micron, though entering the world’s largest