South Korean AI chip stock SK Hynix share price surges 13% after unveiling $29 billion US listing plan (opens original article in a new tab)

SK Hynix shares rose 13% following a $29.4 billion US listing plan, boosting South Korea's semiconductor sector and stock markets.

• SK Hynix shares surged 13% after announcing a $29.4 billion US listing plan
• The company plans to raise funds through American Depositary Receipts to expand manufacturing and purchase advanced lithography machines
• South Korea's semiconductor sector saw a rally with Samsung Electronics and Kospi Index also rising