SK hynix has announced plans to raise up to 45.45 trillion won ($29.4 billion) through a stock offering tied to the listing of its American depositary receipts (ADRs) on the Nasdaq.
The move marks a significant expansion of the memory chipmaker's presence in US capital markets, aiming to broaden its investor base and enhance liquidity for its shares.
The offering represents one of the largest capital raises by a Korean technology firm in recent years.
By listing ADRs on the Nasdaq, SK hynix seeks to increase visibility among US institutional investors and provide a more accessible trading vehicle for global funds that may face restrictions or complexities trading directly on the Korean exchange.
This strategic move comes as SK hynix continues to capitalize on strong demand for high-bandwidth memory (HBM) chips, which are critical for AI infrastructure.
The company has been a key beneficiary of the AI boom, with its HBM products in high demand from major US tech firms.