SK Hynix is preparing to list American depositary receipts on the Nasdaq in a move that could raise up to 45.45 trillion won ($29.4 billion).
The South Korean memory chipmaker confirmed the plans, marking a significant expansion of its access to global capital markets as it seeks to fund aggressive capacity investments in high-bandwidth memory (HBM) for artificial intelligence applications.
The company clarified that the exact amount of new shares to be issued will be determined only after the completion of the demand assessment process.
This approach allows SK Hynix to gauge investor appetite and market conditions before finalizing the size of the offering, a common strategy for large-scale secondary listings in volatile equity environments.
The listing underscores the intensifying competition in the AI chip supply chain, where SK Hynix is a key supplier to major technology firms.
By tapping US investors directly, the company aims to strengthen its balance sheet and signal long-term commitment to the high-growth memory segment, which has seen unprecedented demand driven by generative AI workloads.