000660.KS is trading 10% up at $2,839,000 after announcing plans to raise up to $29.4 billion via a major Nasdaq ADR listing to fund AI infrastructure expansion.
- The offering will issue approximately 17.79 million new shares, with proceeds earmarked for AI-focused memory fabs and advanced chip equipment, including EUV tools.
- Investors are responding to the significant growth capital and expanded U.S. market access, with the move further supported by broader enthusiasm across the AI chip sector.