Key facts
- Data center firm Switch has confidentially filed for a U.S. IPO.
- Switch operates large-scale data center campuses crucial for AI computing.
- SK Hynix is reviewing additional shareholder return measures.
- SK Hynix expects to announce shareholder return details in the third quarter.
- SK Hynix declared a dividend of 375 won per share.
Data center firm Switch has confidentially filed for a U.S. initial public offering, according to a Bloomberg News report. Sources familiar with the matter indicated that the company, which operates large-scale data center campuses essential for AI computing, is pursuing this path.
In a separate development, SK Hynix announced that it is actively reviewing additional shareholder return measures. The company aims to enhance shareholder value and expects to finalize and announce the specific details of these measures in the third quarter. As part of its commitment to shareholders, SK Hynix also declared a dividend of 375 won per share.