SK Hynix seeks to attract more AI investors through US listing

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TechFlow news: On July 05, next week SK hynix is set to list on the U.S. stock market with a $29 billion offering, which could become the largest foreign company IPO in history. However, this is not just about raising funds. More importantly, it wants to compete in one of the hottest areas in today’s global stock markets—the memory-chip sector used for AI computing.

Daniel Morgan, a senior portfolio manager at Synovus Trust, which holds Micron stock, says the market is in a period of extreme frenzy for chip stocks, and that now is a good time to get U.S. investors involved. Zhou Di, a portfolio manager at Thornburg Investment Management, which holds SK hynix stock, says this offering is aimed at investors who currently cannot access the South Korean stock market. With SK hynix listed on Nasdaq, it gives investors a direct, frictionless opportunity to participate in the AI memory cycle—one of the most attractive pure-play targets in the space. (Jin Shi)

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