By Caitlin McCabeTech stocks are rising to kick off a week that will challenge investors' appetite for the AI trade again.The Nasdaq composite is up about 1%, a sign traders are brushing off the AI worries that have jolted stocks in recent weeks.That optimism will face a test tomorrow, when chip gi…
South Korea is exploring the creation of a new investment fund backed by excess tax revenue from its booming semiconductor industry, as the government looks to redirect AI-driven chip profits into long-term economic growth. President Lee Jae Myung's chief of staff, Kang Hoon-sik, said the fund woul…
South Korea is weighing the creation of a new investment fund backed by excess tax revenue from its booming semiconductor industry, as policymakers look to convert the AI chip boom into longer-term economic growth. Samsung Electronics (SSNLF), South Korea's largest electronics and semiconductor com…
SK Hynix (HXSCL), a South Korea-based semiconductor manufacturer focused on memory chips used in AI computing, is preparing a $29 billion US stock-market listing that could become the biggest-ever first-time share sale by a foreign company. The Nasdaq listing, expected on July 10, comes as investor…
South Korean chipmaker SK Hynix (SKHY) has kicked off a massive U.S. share sale worth about $28.1 billion, taking a major step toward its Nasdaq Global Select Market debut.According to an SEC filing on Monday, the company plans to issue up to 177.9 million American depositary shares (ADSs).The fili…
By Ragini Mathur and Avinash PThe S&P 500 and the Nasdaq were on track to open higher on Monday, extending last week's rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of second-quarter earnings season later in the week.Broadcom NASDAQ:AVGO rose 4…
By Wayne Cole and Harry RobertsonU.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the f…
By Ragini Mathur and Avinash PS&P 500 and Nasdaq futures were up on Monday, building on last week's rally as chip stocks stabilized after recent weakness and investors awaited minutes from the last Federal Reserve meeting and the start of second-quarter earnings later in the week.The Dow DJ:DJI cl…
By Kwanwoo JunSouth Korea's SK Hynix has lowered the fundraising target for its U.S. listing to about $28 billion after a recent decline in its share price.The world's second-largest memory chip maker said in a regulatory filing with the Korea Exchange on Monday that it is seeking to raise 43.141 t…
Wall Street futures rose on Monday as chip stocks stabilized after recent weakness, while a fall in oil prices helped extend a rally that lifted the main U.S. indexes the previous week.Oil prices remained under pressure after OPEC+ agreed to raise output targets and shipping through the Strait of H…
SK Hynix Lowers U.S. IPO Fundraising Target to About $28B
South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries…
South Korea has decided to develop a chip industrial complex in the country's southwest region at the site of a military airport at Gwangju, South Korea's presidential chief of staff Kang Hoon-sik said on Monday.
South Korea’s Kospi jumped as much as 2.7% on Monday, led by chipmakers Samsung Electronics and SK Hynix ahead of closely watched earnings. The index briefly traded above 8,300 points before easing toward 8,150, according to BeInCrypto, while Japan’s Nikkei 225 rose 0.73% and broke above 70,000 as…
South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.He warned that delays in permits, land acquisition, and securing power and water supply could undermine the country's bid to dominate advanced industries…
Asian shares gained on Monday while oil prices edged lower.South Korea's Kospi index was up 2.9% while Japan's Nikkei 225 was up 0.2%. MSCI's Asia Pacific Index was increasing 0.3% with over two shares rising for every one which declined.Sentiment toward chipmakers remained robust with Nvidia Inc.’…
South Korean chipmaker SK Hynix KRX:000660 will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world's largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt li…
South Korea plans to establish a future fund using extra tax revenue generated by a semiconductor boom to invest in growth engines, support for younger generations and efforts to address widening inequality, a top government official said on Sunday.Speaking at a meeting between the government and t…
SK Hynix KRX:000660 is considering paying about 0.5% of the proceeds from its U.S. listing to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the matter.
By Jules RimmerKospi volatility is at an all-time highReports of Anthropic awarding a major contract to Samsung sparked a major rally in Seoul, after a week of savage price moves.Reports that Anthropic is holding discussions with Samsung Electronics (KR:005930) about a major contract to manufacture…
