SK hynix seeks up to W45.5tr in July Nasdaq debut

AI핵심 요약

• ·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 won ($33 billion) to fund a major expansion of its artificial intelligence chip production capacity.
• ·The Korean memory chipmaker said its board approved the issuance of ADRs backed by newly issued common shares.
• ·The proceeds will be used to finance key semiconductor projects, including the first fabrication plant at the Yongin semiconductor cluster, the P&T7 advanced packaging facility in Cheongju and additional investments in chip equipment and infrastructure.
• ·Under the plan, SK hynix will issue up to 17.79 million new common shares, equivalent to about 2.5 percent of its outstanding shares, through a third-party allotment to an overseas depositary institution.
• ·The institution will then issue ADRs backed by the shares and sell them to overseas institutional investors.