SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs

SK Hynix has raised $26.5 billion in the largest foreign initial public offering in US history, driven by the growing demand for AI chips. The successful IPO has led to calls for SK Hynix and its competitor Samsung to build new manufacturing facilities in the US. The construction of US-based fabs would help reduce reliance on foreign production and enhance national security. The move is seen as a significant step in the development of the US semiconductor industry.

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