SK Hynix Plans Share Sale and U.S. ADR Listing to Fund HBM Expansion
According to Korea Economic Daily, the offering would total about 2.4% of outstanding shares and support high-bandwidth memory capacity growth and the Yongin semiconductor cluster.
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Terms & Concepts
ADR (American depositary receipt): A tradable certificate that lets U.S. investors buy shares of a foreign company on U.S. markets.
HBM (high-bandwidth memory): A high-performance memory technology that stacks chips vertically to deliver faster data transfer for artificial intelligence and advanced computing.