000660.KS is trading 8.3% up at KRW 2,838,500 after unveiling plans to raise up to $29 billion via a Nasdaq ADR listing to fund AI-focused capacity expansion and new fabrication plants.
- The massive U.S. listing is expected to broaden global investor access and provide the necessary capital to support the company’s AI semiconductor roadmap.
- Investors are optimistic that the move will help ease the traditional Korea discount on the company's valuation by increasing visibility in international markets.