South Korea's SK Hynix launches US$28 billion US listing to ride global AI wave - The Business Times
• 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.
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