US investors will soon get access to SK Hynix, another memory maker riding the AI boom
SK Hynix is set to sell nearly 17.8 million shares in a U.S. IPO, potentially raising up to $28 billion, and plans to issue American depositary receipts. The IPO follows a surge in AI demand, driving growth in high-bandwidth memory and DRAM, amid a "RAMageddon" scenario. The company is positioned as a key player in the AI memory market, with plans to invest $550 billion in new manufacturing capacity, but faces risks due to potential shifts in AI demand.
More from Techcrunch
Microsoft kills off unsuccessful AI features while merging its separate Copilot apps
Microsoft is simplifying Copilot by combining its consumer and business apps, and dropping AI-generated podcasts, Group Chats, Deep Research, and its Mico character.
techcrunch.com··Mads Kristian Nylund·AI ToolsAI InfrastructureAI Governance
Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs
Nvidia has a plan to make sure its GPUs won't lose value. It wants to convince a new crop of financiers to keep lending for AI buildouts.
techcrunch.com··Mads Kristian Nylund·AI DevelopmentAI InfrastructureAI Governance
Apple in talks to pay publishers to provide Siri with current news: report
The tech giant has considered a nine-figure budget for the payments, according to the WSJ.
techcrunch.com··Mads Kristian Nylund·AI ToolsAI EthicsAI Platforms