000660.KS is trading 9.69% up at KRW 2,830,000 after SK hynix disclosed plans to raise up to $29.4 billion through a Nasdaq ADR listing to fund AI-related memory fabs and manufacturing equipment.
- The offering is expected to be one of the largest public listings globally, with trading scheduled to begin on July 10.
- Proceeds will be used to expand manufacturing capacity in South Korea and the U.S. to meet the growing demand for High Bandwidth Memory (HBM) chips.
- The move capitalizes on a strong AI-chip market backdrop as investors continue to favor companies tied to the AI infrastructure boom.