SK Hynix shares surged as much as 12% after the memory chipmaker unveiled plans for a $29 billion US listing, boosting hopes of higher valuations and greater foreign investor participation. The company plans to use the proceeds to expand capacity and acquire advanced chipmaking equipment. Rival Samsung also gained after Micron issued a strong sales forecast, lifting Koreas Kospi index.

SK Hynix has overtaken Samsung Electronics as South Korea's most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips essential for AI technologies.

SK Hynix surpassed Samsung as South Korea's most valuable company with a $1.35 trillion market cap, driven by its dominance in AI memory chips.

Samsung dethroned as South Korea's most valuable listed company for first time since 2000, as sustained AI spending rewrites rules

SK hynix's shares are up by almost 900% over the past 12 months, compared to almost 180% for the broader KOSPI index.

SK Hynix’s shares are up by almost 900% over the past 12 months, compared with almost 180% for the broader KOSPI index.

The South Korean chipmaker’s business has soared on booming AI demand.

SK Hynix plans to raise up to $33B through new ADRs targeting a US listing in August 2026, funding expansion of its AI-critical High Bandwidth Memory chips.

SEOUL, June 24 : South Korea's SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S.,…

South Korea's SK Hynix is set to raise a massive $29.43 billion through American Depositary Receipts on Nasdaq. This significant capital infusion aims to bolster its investor base…

SK Hynix targets July 10 Nasdaq ADR listing worth up to $30B as AI chip demand pushes its market cap past $1 trillion and shares surge 230% year-to-date.

SK hynix said Wednesday it plans to begin trading American depositary receipts on the Nasdaq Stock Market on July 10, potentially raising up to 45.5 trillion wo

South Korea's SK hynix, a maker of memory chips for artificial intelligence data centres, said Wednesday it plans to raise 45.45 trillion won ($29 billion) through a listing on…

World's second-largest memory chipmaker set to expand production capacity

SEOUL, June 24 — South Korea’s SK hynix, a maker of memory chips for artificial intelligence data centres, said today it plans to raise 45.45 trillion won (US$29 billion)...

The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).

"A large part of the motivation behind this is no doubt the success of TSMC ADR which is very liquid, trades at a persistent premium to the Taiwan line and is accessed readily by…

The world’s second-largest memory chipmaker plans to issue up to 17.79 million new shares. Read more at straitstimes.com. Read more at straitstimes.com.

New capacity won't come online until 2027 at the earliest.

SK Hynix plans to raise $29.4 billion through a Nasdaq ADR listing on July 10, capitalizing on surging AI-driven demand for high-bandwidth memory chips.

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