NVIDIA AI Chip Supplier SK Hynix Plots $29 Billion US IPO In SpaceX's Wake
Hot on the heels of Elon Musk's SpaceX making history with a record-breaking initial public offering (IPO) on the NASDAQ stock exchange earlier this month, chip giant SK hynix is hoping to raise some major capital—billions of dollars—with its own IPO in the U.S., the company announced today. SK hynix is not likely to break SpaceX's record, but it could come in second with plans to raise up to $29.4 billion.
The South Korean chip maker is a major semiconductor player focused primarily on memory product, including high bandwidth memory (HBM) deployed by some of the most advanced AI accelerators. Notably, SK hynix is a major chip supplier to NVIDIA, which is leading the AI charge in the modern era, as well as other industry heavyweights such as Apple, Dell, HP, Microsoft, among others.
"We expect to elevate our status as a global company by broadening our touchpoints in...
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