SK Hynix Plans $29 Billion Nasdaq Listing to Fund AI Chip Expansion
South Korean chipmaker SK Hynix announced plans for a massive $29 billion Nasdaq ADR listing in 2026. The company aims to raise significant capital to capitalize on the booming demand for memory chips driven by artificial intelligence.
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SK Hynix $29.4 Billion US Listing to Seize on Memory Chip Frenzy - Bloomberg.com
SK Hynix $29.4 Billion US Listing to Seize on Memory Chip Frenzy Bloomberg.com
Read full article →SK Hynix bets on AI demand with bumper $29bn US listing
South Korean chipmaker capitalises on central role in global AI bonanza
Read full article →South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
Read full article →Coming to America: SK Hynix plans depository receipt listing on the Nasdaq
SK Hynix, one of the three major memory-chip makers that has surged in value due to huge demand for artificial-intelligence applications, said on Wednesday it’s going to issue American depository receipts, giving American investors an easier way of investing in the company.
By Steve Goldstein
Read full article →SK hynix seeks up to W45.5tr in July Nasdaq debut
SK hynix said Wednesday it plans to begin trading American depositary receipts on the Nasdaq Stock Market on July 10, potentially raising up to 45.5 trillion won ($33 billion) to fund a major expansion of its artificial intelligence chip production capacity. The Korean memory chipmaker said its board approved the issuance of ADRs backed by newly issued common shares. The proceeds will be used to finance key semiconductor projects, including the first fabrication plant at the Yongin semiconductor
By The Korea Herald
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