On the 10th, South Korean chip giant SK Hynix raised approximately $26.5 billion through the issuance of American Depositary Receipts (ADRs) in the United States. Following the completion of the share offering process, the funds will be paid to SK Hynix on the 14th. The company plans to use the funds for the construction of the first-phase wafer fabrication plant in the Yongin Semiconductor Cluster, the construction of the Cheongju P&T7 advanced packaging factory, and the purchase of production equipment, including extreme ultraviolet (EUV) lithography machines. The large-scale U.S. dollars will be converted into South Korean won, bringing a massive 'U.S. dollar supply' to South Korea's foreign exchange market. The market believes that the large-scale inflow of U.S. dollars through ADRs is expected to alleviate the long-term weakening trend of the South Korean won, with the scale of this inflow being described as 'at the level of a currency swap.'
