SK Hynix Raises $26.5 Billion via Nasdaq, Plans Korea Chip Investment

SK Hynix-0.27%
SKHYV-0.98%
According to local industry sources, SK Hynix raised $26.5 billion via Nasdaq on July 12. The funds will be deployed for domestic semiconductor investment and sequentially converted from U.S. dollars to Korean won throughout the month, expected to provide significant dollar supply to the foreign exchange market and potentially ease recent won weakness.
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