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.
The listing will allow the company to tap into deep US liquidity pools to finance its aggressive growth strategy.
The capital raise highlights the intense financial demands facing the semiconductor industry as it scales production for next-generation AI hardware.
SK Hynix has stated that the proceeds will be directed toward expanding manufacturing capacity and strengthening its position in the high-bandwidth memory (HBM) market.
This segment is critical for powering advanced data centers and large language models, where demand continues to outstrip supply.