SK Hynix, a major memory chipmaker, is planning a US IPO to raise around $28 billion, riding the wave of AI-driven demand for memory chips. The company’s revenues have surged nearly 200% in the first quarter, and its stock is up 260% this year. This boom is fueled by the intense memory needs of AI systems, leading to a shortage of memory chips. As a result, tech companies are investing heavily in new manufacturing capacity, but this also carries risks if memory needs change. Why it matters: this IPO highlights the critical role of memory chipmakers in the AI landscape, with investors seeking the next big opportunity like Nvidia.