South Korea's SK Hynix says to raise $29 billion in ADR listing (opens original article in a new tab)

South Korea's SK Hynix plans to raise $29.43 billion through an ADR listing on Nasdaq to expand AI chip production and invest in new facilities and equipment.

• SK Hynix plans to raise $29.43 billion via ADR listing on Nasdaq.
• Funds will be used to build a chip factory in Yongin and an advanced packaging facility in Cheongju.
• The company will purchase EUV scanners and other advanced equipment.