000660.KS is trading 8.3% up now at KRW 2,838,500 after announcing plans to raise up to $29 billion through a massive Nasdaq ADR listing to fund AI-driven capacity expansion.
- The blockbuster ADR deal, one of the largest ever, will support the construction of new fabs and advanced HBM (High Bandwidth Memory) manufacturing capacity.
- The capital injection is earmarked for critical AI infrastructure investments, aiming to solidify the company's leadership in the global memory chip market.
- Market optimism is surging as the scale of the listing underscores a robust long-term growth strategy centered on the AI hardware boom.