000660.KS is trading 8.3% up at KRW 2,838,500 after SK hynix announced a plan to raise up to $29 billion through a Nasdaq ADR listing to fund its next phase of AI-driven growth.
- The company stated that proceeds will be used to finance new fabrication plants, advanced packaging facilities, and increased AI memory capacity to solidify its position in the global supply chain.
- Reported by Reuters as one of the largest global public offerings, the move aims to capitalize on surging demand for AI infrastructure and high-bandwidth memory.
- The filing serves as a primary catalyst for the stock, which is also benefiting from a broader recovery in the semiconductor sector following recent market volatility.