000660.KS is trading 7.8% up now at KRW 2,781,000 after announcing plans to raise up to $29 billion via a Nasdaq ADR listing to fund AI memory expansion and new chip fabs.
- The capital raise, one of the world’s largest share offerings, is aimed at building advanced manufacturing capacity and acquiring cutting-edge equipment.
- The move reinforces the company's position as a key AI memory supplier and has significantly boosted investor optimism regarding its future growth.