Memory chip giant SK Hynix to raise USD29 billion in US ADR listing
Seoul [Korea], June 24, (ANI): South Korean chip giant SK Hynix plans to raise around USD29 billion through the listing of American Depository Receipts (ADRs) on Nasdaq, Reuters reported.
The memory chip maker has seen its stock zoom more than 300 per cent this year due to exploding demand for advanced memory chips that are used in AI servers. The money could be used to expand its chip capacity as it widens its investor base.
