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SK Hynix surges 12% as US listing plan boosts valuation hopes
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.
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cryptobriefing.com
SK Hynix seeks to raise up to $33B through new depositary receipts and a US listing
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.
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zerohedge.com
Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing
"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…
