00:00South Korean chipmaker SK Hynix is planning a US$28 billion share sale in New York
00:06in what would be one of the world's largest stock offerings.
00:11The company is looking to capitalize on soaring global demand for AI chips
00:15as investors continue to pour money into the sector.
00:22SK Hynix will offer US-traded shares on the Nasdaq,
00:26giving American investors a new way to buy into the company.
00:31The share sale is expected to raise around US$28 billion
00:35with the final offer price due to be set on Thursday before trading begins on Friday.
00:41SK Hynix has been one of the biggest winners of the AI boom
00:45as demand for its high-bandwidth memory chips continues to surge.
00:50Its shares have climbed more than 270% this year,
00:54outperforming rivals including Samsung Electronics and Micron.
00:59SK Hynix has long traded at a discount to US rival Micron
01:03even as demand for its AI chips have surged.
01:06Analysts say the Nasdaq listing could help it reach more global investors
01:11and narrow that gap.
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