The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build U.S. factories.
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naddr1qv…y06aSK Hynix successfully raised $26.5 billion in its U.S. market debut, the largest-ever IPO by a non-American company, driven by demand for its AI-related memory chips. The funds will support new manufacturing facilities and advanced equipment in South Korea. Meanwhile, U.S. officials are encouraging SK Hynix and Samsung to build factories within the United States. - SK Hynix raised $26.5 billion in its U.S. market debut, the largest by a foreign company in U.S. history. - The company, a key supplier of High-Bandwidth Memory (HBM) for AI GPUs, sold American depositary shares on the Nasdaq. - Demand for the offering reportedly exceeded available shares seven times, bypassing the typical 'Korea Discount'. - Funds raised will finance a new fab and packaging facility in South Korea, along with EUV scanners. - U.S. Commerce Secretary Howard Lutnick is in talks with SK Hynix and Samsung about building factories in the U.S. - Micron also plans significant investments in new U.S. manufacturing facilities. Continue reading https://techcrunch.com/2026/07/10/sk-hynix-raises-26-5b-in-the-biggest-foreign-ipo-in-us-history-is-urged-to-build-new-us-fabs/