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SK Hynix eyes record Nasdaq ADR to fund AI memory expansion

, DIGITIMES, Taipei
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Credit: SK Hynix

SK Hynix said on June 24 its board approved a plan to issue new shares backing American Depositary Receipts on the Nasdaq Global Select Market, targeting up to KRW45.45 trillion (approx. US$29.43 billion) in proceeds for semiconductor facility investment.

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