Dollar-won foreign exchange transactions related to a U.S. share listing by South Korean chipmaker SK Hynix KRX:000660 are expected to take place around July 15, a source familiar with the matter told Reuters on Tuesday.SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.16…
Tech strategist Dan Ives said the artificial intelligence-driven tech rally remains in its early stages, pointing to strong chip demand trends across Asia ahead of a key earnings season. He said investors are underestimating the scale and earnings power of the AI revolution, which he expects to exp…
By Jack PitcherThe Korean market frenzy is coming stateside.SK Hynix, a South Korean chip maker and the latest global company to surpass $1 trillion in market value, kicked off the process for a U.S. listing on Monday that seeks to raise $28 billion in fresh capital.The deal would rank among the bi…
By Noel Randewich and Ragini MathurThe S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom NASDAQ:AVGO j…
By Noel Randewich and Ragini MathurThe S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom NASDAQ:AVGO j…
By Noel Randewich and Ragini MathurWall Street climbed on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom NASDAQ:AVGO jumped 3.8% after the chi…
By Ragini Mathur and Avinash PThe S&P 500 and the Nasdaq rose on Monday as chip stocks rebounded, with Broadcom advancing after extending its partnership with Apple, while investors looked ahead to the start of the second-quarter earnings season.The Dow DJ:DJI briefly hit a fresh intraday record e…
By Martin BaccardaxSamsung Electronics earnings and SK Hynix's planned U.S. listing this week will test the AI-fueled chip rally, offering investors an early read on demand for the memory chips powering artificial intelligence.The tech-led rally has powered stocks for much of the year, and indeed c…
By Ragini Mathur and Avinash PThe S&P 500 and the Nasdaq rose on Monday, extending the previous week's rally as chip stocks recovered while investors looked ahead to minutes from the central bank's last meeting and the start of second-quarter earnings season later in the week.The Dow DJ:DJI briefl…
By Harry Robertson and Pete SchroederWall Street opened mostly higher on Monday on the back of continued optimism around chip stocks, while oil erased earlier losses amid an anticipated surge in supply.The Dow Jones Industrial Average DJ:DJI was down 0.26%, to 52,761.32 in early trading, but the S…
SEOUL (dpa-AFX) - SK hynix Inc. (000660.KS), a semiconductor manufacturer, on Monday launched an initial public offering of 177.9 million American depositary shares in the U.S.The company said that each ADS represents one-tenth of a common share.The company has applied to list the ADSs on the Nasda…
By Steve GoldsteinThree major tech sector investors will collectively buy up to $7 billion of SK Hynix's U.S. offering.Three major investors in the technology sector will back SK Hynix's offering of American depository receipts that is expected this week.Baillie Gifford, Coatue Management and Situa…
(09:58 GMT) *SK Hynix Lowers U.S. IPO Fundraising Target to About $28B (10:00 GMT) *SK Hynix to Raise KRW43.141T, Down From KRW45.453T Previously (10:01 GMT) *SK Hynix to Issue 17.8M New Shares for ADR Issuance (10:03 GMT) *SK Hynix to Use Proceeds for Chip-Making Facilities, Equipment (10:52 GMT…
SK Hynix Inc KRX:000660:
By Anna SzymanskiWhat matters in U.S. and global markets todayBy Anna Szymanski, Editor-in-Charge, Reuters Open InterestMarkets began the week on a mixed note, with Asian shares easing and Wall Street futures ticking up before the bell on Monday ahead of the first wave of second-quarter earnings r…
SK Hynix to Use Proceeds for Chip-Making Facilities, Equipment
SK Hynix to Issue 17.8M New Shares for ADR Issuance
SK Hynix to Raise KRW43.141T, Down From KRW45.453T Previously
By Wayne Cole and Harry RobertsonEuropean stocks and U.S. futures ticked higher on Monday as the potential for increased energy supplies pulled down oil prices and promised relief from inflationary pressures, while investors awaited a crucial earnings season for the AI sector.While there were no ne…
South Korea's SK Hynix KRX:000660 said on Monday that Baillie Gifford Overseas Limited, investment funds managed by Coatue Management and Situational Awareness Partners have each separately indicated interest in purchasing up to a combined $7 billion of its U.S. depository receipts (ADRs).Nvidia su…
