000660.KS is trading 7.4% up at KRW 2,770,500 after announcing a massive $29 billion (45 trillion won) Nasdaq ADR listing to fund its aggressive AI expansion.
- The company plans to utilize the capital to build advanced AI memory fabs and expand chip capacity, which investors view as a major long-term growth catalyst.
- The move is expected to significantly boost global investor access to the stock, driving strong buying interest despite recent volatility in the broader semiconductor sector.