technology
SK Hynix Prepares $29 Billion US Stock-Market Listing
South Korea-based chipmaker SK Hynix plans a $29 billion listing on US markets that could occur as early as this week. The move is intended to strengthen its position against competitors Samsung and Micron.
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SK Hynix is preparing for a $29 billion US stock-market listing that could take place as early as this week, @business reported. The South Korea-based semiconductor manufacturer would use the listing to compete with rivals Samsung and Micron, according to reporter Mike Shepard.
@business reported the details of the planned offering without providing a specific exchange or exact timing beyond the current week.
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