SK Hynix is set to list American depositary receipts on the Nasdaq, anchoring a massive capital raise of up to 45.45 trillion won ($29.4 billion).
The South Korean memory chipmaker confirmed the plans, marking a significant step in its strategy to deepen ties with US investors and secure funding for its next phase of growth.
The listing represents one of the largest capital raises by a Korean tech firm in recent years.
By bringing its shares to the Nasdaq, SK Hynix aims to broaden its investor base and increase liquidity for its stock, which has seen heightened interest due to its leading position in high-bandwidth memory (HBM) chips critical for artificial intelligence infrastructure.
This move comes as SK Hynix continues to invest heavily in advanced semiconductor manufacturing to meet surging demand from AI data centers.
The capital raised will likely support these expansion efforts, reinforcing the company's competitive stance against rivals like Samsung Electronics and Micron Technology in the high-stakes memory market.