SK Hynix US Listing Process; Broadcom's Apple Chip Deal | Stock Movers

SK Hynix began formal marketing for a US listing on Friday, offering American depositary receipts representing approximately 17.79 million common shares; Korean-listed shares declined following the announcement. Broadcom signed a multi-year agreement with Apple through 2031 under which Broadcom will develop custom ASIC chips for the company. Solstice Advanced Materials and Element Solutions are in merger discussions, according to the Financial Times, with talks described as ongoing.

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