SK Hynix to Launch Multi-Billion Dollar US IPO Riding AI Memory Boom

South Korean memory chip maker SK Hynix, whose growth is fuelled by surging demand for AI hardware, is set to launch a multi-billion dollar IPO on a US exchange on Friday. The listing will give American investors direct access to shares of the company. SK Hynix is a leading supplier of high-bandwidth memory chips used in AI systems, including those made by Nvidia.