SK Hynix Plans Nasdaq Listing

SK Hynix, one of the three major memory-chip makers that has surged in value due to huge demand for artificial-intelligence applications, said on Wednesday it’s going to issue American depository receipts, giving American investors an easier way of investing in the company.

The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).