SK Hynix raises $26.5B in a New York listing, pricing American depositary receipts at $149 and completing the largest U.S. share sale by a foreign company while lifting its market value past $1T.The company will deploy proceeds to expand production capacities in Korea and to build a first U.S. facility in Indiana as demand from artificial intelligence data centers boosts memory prices, profits and partnerships with Nvidia.Analysts warn that heavy retail borrowing, semiconductor cyclicality and rising competition from Chinese firm
CXMT and Big Tech plans for in-house chips could trigger a correction that damages tech stocks and Asian exports next year.