South Korea's SK Hynix says to raise $29 billion in ADR listing

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 and expand production capacity for crucial AI chips. Funds will be channeled into building a new chip factory in Yongin, an advanced packaging facility in Cheongju, and acquiring state-of-the-art equipment like EUV scanners.