Demand for SK Hynix's proposed $28 billion share sale in the United States exceeded the number of shares on offer by more than seven times, according to a report by Reuters. The strong response highlights robust investor appetite for one of the key companies powering the global artificial intelligence (AI) supply chain.
The South Korean memory chipmaker is raising funds to finance new factories and equipment as it ramps up production to meet soaring demand for AI chips. The offering is expected to become the world's second-largest share sale, following SpaceX's record-breaking $85.7 billion initial public offering last month.
