SK Telecom to invest $481 million in SK hynix’s U.S. affiliate
The chipmaker will issue 17.79 million new shares, and analysts say the offering could raise about $29.4 billion and widen access to U.S. investors.
10 Articles
10 Articles
SK Telecom to invest $481 million in SK hynix’s U.S. affiliate
South Korea's leading mobile operator SK Telecom said Thursday that it would invest $481 million in a U.S. subsidiary of SK hynix as part of the group's efforts to concentrate on the artificial intelligence strategy.
SK Hynix prepares U.S. listing at $166 per share — here's why HSBC says it could be worth 20% more
HSBC analysts see the South Korean chipmaker's foray into U.S. markets as the catalyst to narrow the valuation gap with rival Micron Technology.
Buying Samsung stock in the US could get easier after its rival makes the move
It's not as easy to buy Samsung stock in the United States as it is to buy any other company listed in the United States. That's because Samsung Electronics isn't listed on any major exchanges in the US even though there's investor demand. SK Hynix, Samsung's top rival in the AI memory space right now, is making the shift and will list its American Depositary Receipts (ADRs) on the NASDAQ next month. Korea's securities market is now abuzz with …
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