CORRECTION (2026-07-12): An earlier version of this article included a key point and body clause citing record-breaking equity issuances by SpaceX. That material has been removed and adjacent wording lightly adjusted for readability; the substance of the article is otherwise unchanged. Corrected on 2026-07-12.
SK Hynix has confirmed plans to raise up to $29.4 billion (45.45 trillion won) through a listing of American depositary receipts on the Nasdaq.
79 million new shares in what is expected to be one of the largest equity offerings in the semiconductor industry this year.
The South Korean memory chipmaker will issue 17.79 million new shares in what is expected to be one of the largest equity offerings in the semiconductor industry this year.
The move comes as investor appetite for artificial intelligence-related stocks remains robust, with the company aiming to capitalize on the sector's momentum.
The announcement follows a period of significant capital raising across the technology sector.
SK Hynix's decision to tap the US market underscores the growing importance of American investors in funding the next wave of semiconductor expansion, particularly in memory chips critical for AI infrastructure.
This development adds to the ongoing repricing of semiconductor stocks, which have seen substantial gains driven by expectations of sustained demand for high-bandwidth memory and other advanced chips.