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SK Hynix’s AI Bet Goes Public | Durham News
SK Hynix is set to go public on Nasdaq this week in one of the biggest tech IPOs ever, aiming for up to $28 billion—down from its original $29.4 billion target. Despite being cash-rich, profitable, and already backed by major investors, the move is a bold bet on lingering AI market enthusiasm. Three key investors are ready to snap up $7 billion worth of shares, with pricing set for July 9th and trading kicking off the next day. The company’s big plans include massive new chip plants in Korea and Indiana, plus costly ASML equipment—though delivery won’t happen for years. This isn’t just about…
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