SK Hynix said on June 24 that it has filed an application to list on Nasdaq and plans to raise up to 45 trillion won through an American depositary receipt (ADR) offering.


According to Odaily, the ADRs are scheduled to list in July, and the proceeds will be used to build factories in South Korea and purchase extreme ultraviolet (EUV) equipment.
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GateUser-78b4adc8
· 5h ago
SK Hynix is making a big move, investing 45 trillion won in EUV equipment and factory construction, escalating the semiconductor arms race.
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GateUser-b74aba1c
· 8h ago
ADR gets listed in July, and all the funds raised are poured into advanced process capacity—this tempo is meant to go head-to-head with Samsung and TSMC on yield.
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