SK hynix plans blockbuster US IPO

Memory chip giant SK hynix is reportedly considering a significant U.S. initial public offering, potentially raising between $10 billion and $14 billion. This substantial capital infusion is intended to bolster the company's manufacturing capacity, aiming to alleviate the ongoing 'RAMmageddon' shortage that has impacted the tech industry. The move could also encourage other semiconductor firms to pursue similar listings in the U.S., further strengthening the domestic chip supply chain and potentially stabilizing memory prices.