Billion Listing

• South Korean chipmaker SK Hynix is launching a US$28 billion listing on the Nasdaq to capitalize on the surging global demand for artificial intelligence. • The company plans to sell 17.79 million new shares in the form of depository receipts to raise capital. • This strategic move allows SK Hynix to secure funding for infrastructure and technology upgrades as it competes in the high-growth AI memory chip market.

• South Korean chip giant SK Hynix is launching a $36 billion listing in the United States to capitalize on the surging global demand for AI technology. • The company is positioning itself to ride the AI wave, leveraging its role as a key supplier of high-bandwidth memory chips essential for AI processors. • The specific price range for the listing is scheduled to be revealed later on July 6.

• SK Hynix plans to list on the Nasdaq to raise approximately $28 billion, aiming to fund the expansion of its AI chip business amid rising infrastructure demand. • Separately, Tata Electronics suffered a ransomware breach that exposed confidential Apple documents and sensitive supplier information. • The Indian government has launched an official cybersecurity investigation into the Tata Electronics breach to assess the extent of the data leak.