City in Indiana, across the Wabash from Purdue University
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Farmers in Zimbabwe and East Africa are facing worsening droughts linked to climate change. Community seed banks in Zimbabwe preserve traditional crop varieties to boost food security, while East Africa grapples with heat, pests and erratic rainfall that threaten harvests and livelihoods.
SK Hynix has opened a US packaging facility in Indiana, a centerpiece of its plan to boost domestic memory production for AI. Production is slated to begin in 2028, with a larger role for the US supply chain and 1,000 jobs at full operation. Meanwhile, Kioxia plans a third plant in Japan as global memory suppliers expand capacity to meet AI demand.