Economy · World
SK Hynix Plans US Listing for AI Chip Funding
South Korean semiconductor giant SK Hynix is planning to list American Depositary Receipts (ADRs) in the United States, according to reports. The company is reportedly seeking to raise approximately $29 billion through this listing. This move is intended to fund its expansion and capitalize on the growing demand for artificial intelligence (AI) chips. SK Hynix is expected to file the necessary documentation in Korea as a step toward the ADR sale.
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- Centre (2): Bloomberg, France 24