SK Hynix is planning a record U.S. listing through American depositary receipts on Nasdaq, aiming to raise about $29 billion. The South Korean chipmaker says the money will help fund new factories and advanced chip equipment as demand for AI memory chips keeps rising. The company plans to issue 17.79 million new shares worth about 45.45 trillion won, or around $29.65 billion, based on its filing. Trading is expected to begin on July 10, though the date is still provisional and could change.
This move would be one of the biggest U.S. share sales ever and shows how strongly global investors are focused on AI chip makers. SK Hynix is the world’s second-largest memory chipmaker, and it supplies high-bandwidth memory used in AI systems.
The listing proceeds are expected to go into chip manufacturing facilities in South Korea, including the Yongin semiconductor cluster and advanced packaging plants in Cheongju. The company also plans to buy key production tools such as an extreme ultraviolet scanner from ASML.
For SK Hynix, the Nasdaq listing is not just about raising cash. It is also a way to strengthen its global investor base at a time when AI-related chip demand is reshaping the semiconductor industry.
FAQs [Frequently Asked Questions]
1. How much does SK Hynix want to raise?
SK Hynix aims to raise about $29 billion through a Nasdaq ADR listing. The company filed to issue 17.79 million new shares for the deal.
2. Why is SK Hynix listing in the U.S.?
The listing will help SK Hynix raise funds for chip factories, equipment, and AI memory expansion. It may also attract more global investors.
3. When will the ADRs start trading?
SK Hynix expects trading to begin on July 10. However, the company said the date is provisional and could still be changed.