000660.KS is trading 8.3% up at KRW 2,838,500 after announcing a plan to raise up to $29 billion via a blockbuster Nasdaq ADR listing to fund AI-focused capacity expansion.
- The capital raise is intended to finance the construction of new fabs, advanced packaging facilities, and HBM-related chip equipment.
- The move aims to capitalize on surging global demand for AI memory components by significantly increasing production capacity.
- Investors are reacting to the massive scale of the U.S. offering, which marks a major strategic push into the AI infrastructure market.