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South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing as soon as July 10

South Korea's biggest chipmaker SK Hynix plans to raise $29 billion via a Nasdaq listing as soon as July 10. The company aims to issue 17.79 million new shares. This move capitalizes on strong investor demand for AI stocks.

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Multiple sources confirm the planned Nasdaq listing date and amount.

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  1. SK Hynix plans $29 billion Nasdaq listing as soon as July 10

    South Korea's biggest chipmaker SK Hynix plans to raise $29 billion via a Nasdaq listing as soon as July 10. The company aims to issue 17.79 million new shares. This move capitalizes on strong investor demand for AI stocks.

    What's confirmed:

    • SK Hynix plans to raise $29 billion via Nasdaq listing.
    • The company plans to issue 17.79 million new shares.
    • The Nasdaq listing is expected to debut as soon as July 10.
    • The listing aims to fund new fabs, advanced packaging and chipmaking equipment in South Korea.

    Still unconfirmed:

    • The listing may trigger a price war in the memory chip market.
    confidence 50%