SK Hynix has announced plans to raise approximately $29.4 billion (45.45 trillion won) through the listing of American Depository Receipts (ADRs) in the United States.
The South Korean memory chipmaker stated that the move is designed to expand its investor base and deepen its presence in global capital markets.
The offering represents one of the largest capital raises by a Korean technology firm in recent years.
By listing ADRs, SK Hynix aims to attract a broader pool of US institutional and retail investors who may have limited access to or familiarity with the Korean domestic market.
The company, which has recently surpassed Samsung Electronics to become the most valuable firm in South Korea, is leveraging its market leadership to secure funding for future growth.
SK Hynix's rise to the top of the Korean market has been fueled by its strategic pivot toward high-bandwidth memory (HBM) chips, which are critical components for artificial intelligence hardware.