SK Hynix has filed to list American depositary receipts on the Nasdaq, aiming to raise approximately $29.6 billion (45.45 trillion won) through the issuance of 17.79 million new shares.
The filing marks one of the largest capital raises by a non-US technology company in recent years, signaling the memory chipmaker's aggressive push to fund its next generation of high-bandwidth memory (HBM) production.
This listing follows earlier reports that the company was preparing for a Nasdaq debut, with previous estimates suggesting a raise of up to $29.
The move underscores the intensifying capital requirements in the semiconductor sector, where leading firms are competing to secure capacity for AI-driven demand.
By accessing US equity markets directly, SK Hynix seeks to broaden its investor base and reduce reliance on domestic funding sources, which have faced pressure amid rising interest rates and currency volatility.
This listing follows earlier reports that the company was preparing for a Nasdaq debut, with previous estimates suggesting a raise of up to $29.4 billion.
The slight increase in the target amount reflects updated market conditions and the company's strategic need to accelerate its HBM3E and HBM4 development pipelines, which are critical for next-generation AI servers.