SEOUL, July 01 (AJP) - South Korean memory chipmaker SK hynix has amended its registration statement for a planned U.S. Nasdaq listing, detailing a fresh legal challenge while leaving its core offering terms blank, a U.S. regulatory filing showed.
According to its amended Form F-1/A filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company added a newly initiated antitrust class action to its "Risk Factors."
The lawsuit, filed on June 25 in the U.S. District Court for the Northern District of California by indirect purchasers of commodity DRAM products, alleges that SK hynix, along with Samsung Electronics and Micron, conspired to restrict supply and inflate prices beginning around October 2022. The plaintiffs, comprising 14 U.S. consumers and three PC manufacturers, claim this alleged collusion directly led to higher consumer prices for IT products like MacBooks and iPads.
The revised prospectus maintained that the final offering price and the number of American Depositary Shares (ADS) to be issued will be determined through negotiations with underwriters, factoring in recent trading prices and market conditions.
SK hynix reiterated its plan to use the proceeds to fund its domestic production facility expansion and the acquisition of extreme ultraviolet (EUV) lithography equipment. The company plans to invest approximately 11.9 trillion won ($8.6 billion) in EUV equipment deliveries expected by the end of 2027.
The chipmaker also disclosed its market position based on first-quarter data from research firm IDC, citing a 56.4 percnet global market share in High Bandwidth Memory (HBM) and a 29.1 percent share in the broader DRAM market.
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