000660.KS is trading 9.3% up today at KRW 2,819,000 after announcing plans to raise up to $29 billion through a Nasdaq ADR listing to accelerate its artificial intelligence semiconductor strategy.
- The capital raise, positioned as one of the largest share offerings globally, is dedicated to funding major AI memory expansion and the construction of new fabrication plants.
- Investors are reacting positively to the scale of the investment, which aims to capture surging demand for advanced manufacturing capacity in the fast-growing AI chip sector.