This ETF launched in April, and it has already more than doubled.

It’s a big test for semiconductor rally.

July 6 (Reuters) - South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major investors,

SK Hynix is scheduled to be listed on the Nasdaq on Friday, July 10.

The offering ranks among the largest ever. Whether it prices well may say more about the AI trade than about the company.

SK Hynix launches a $28 billion U.S. share sale, leveraging booming AI demand to expand its global investor base and growth.

The South Korean memory giants are planning huge investments to shore up production capacity.

Samsung’s stock slid in Korea even as the company posted stellar Q2 preliminary results; retail traders believe strong performance was already priced into the shares.

The company is seeking to sell American depositary receipts representing about 17.79 million common shares, according to a filing with the U.S. Securities and Exchange Commission Monday, which would be valued at about US$28 billion based on Friday’s closing price in Seoul.

Artificial intelligence has created no shortage of investment opportunities, but it has also exposed one bottleneck after another. First it was GPUs. Then networking. Then power generation. Today, memory has become one of the industry’s biggest constraints.