SK Hynix has confirmed plans to raise up to $29.4 billion (45.45 trillion won) through a listing of American depositary receipts on the Nasdaq.
The South Korean memory chipmaker will issue 17.79 million new shares in what is shaping up to be one of the largest initial public offerings in US history.
The move underscores the company’s strategic pivot toward the US market, where demand for high-bandwidth memory (HBM) and other advanced semiconductors is accelerating.
By listing on the Nasdaq, SK Hynix aims to broaden its investor base and secure a stable capital channel to fund ongoing expansion in AI-related memory technologies.
This development follows earlier filings that outlined the scope of the offering.
The scale of the raise reflects SK Hynix’s position as a key supplier to major US tech firms building out data center infrastructure.