SK Hynix may raise up to $10 billion from US listing, Korea Economic Daily says

SEOUL, March 24 (Reuters) – South Korea’s SK Hynix is considering raising 10 trillion to 15 trillion won ($10.03 billion) through a potential U.S. listing, aiming to ​expand production capacity for advanced memory chips, ‌the Korea Economic Daily reported.

A U.S. listing would give the Nvidia supplier access to a wider pool of capital and could help narrow a gap in its valuation compared with global ‌peers ​such as Micron, the newspaper said.

Here ⁠are some details:

($1 = 1,495.0000 won)

(Reporting by Heekyong Yang; Editing ​by Harikrishnan Nair)