(Seoul=Yonhap Infomax) Jang Won Lee, Senior Reporter = Flash storage company SanDisk (NASDAQ: SNDK) has been included in the S&P 500 index.


According to CNBC on the 24th (local time in the United States), SanDisk will be added to the S&P 500 index and begin trading as a constituent before the opening of the New York Stock Exchange on the 28th.


SanDisk replaces Interpublic Group (NYSE: IPG), a marketing company acquired by Omnicom (NYSE: OMC), in the S&P 500 index.


SanDisk was acquired by Western Digital (NASDAQ: WDC) in 2016 for $15.6 billion (approximately 22.96 trillion won), but in February this year, its flash memory business was spun off and relisted as an independent entity.


SanDisk currently has a market capitalization of approximately $33 billion.


The inclusion of SanDisk highlights the growing weight of internet, software, and semiconductor companies within the S&P 500 index.


This year, companies such as AppLovin (NASDAQ: APP), Datadog (NASDAQ: DDOG), DoorDash (NASDAQ: DASH), and Robinhood (NASDAQ: HOOD) have also been added to the index.


jang73@yna.co.kr


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