SK Hynix rises 14% in biggest-ever foreign share sale in US

NEW YORK -- Shares of SK Hynix rose 14% after the South Korean chipmaker raised $26.5 billion in the biggest-ever share sale by a foreign company in the U.S. amid strong investor demand for AI stocks. MarketsSK Hynix rises 14% in biggest-ever foreign share sale in US South Korean chipmaker priced its shares at $149, riding investor demand for AI stocks SK Hynix intends to use the newly raised capital for construction of production facilities and acquiring chipmaking equipment. © Reuters NEW YORK -- Shares of SK Hynix rose 14% after the South Korean chipmaker raised $26.5 billion in the biggest-ever share sale by a foreign company in the U.S. amid strong investor demand for AI stocks.