SK Group Chairman Chey Tae-won is traveling to the United States to attend the listing ceremony for SK hynix Inc.'s American depositary receipts (ADRs) on the Nasdaq stock exchange.
Industry sources confirmed the chairman's itinerary, marking a high-profile executive appearance for the semiconductor giant's US market debut.
The visit coincides with the final stages of SK hynix's $29.6 billion capital raise, a move designed to fund aggressive expansion in AI memory production and secure broader access to global capital markets.
The listing represents a significant milestone for the company, which has been ramping up investments to maintain its competitive edge in high-bandwidth memory (HBM) chips critical for artificial intelligence infrastructure.
SK hynix's Nasdaq listing follows a period of substantial capital commitment from South Korea's top chipmakers.
In late June, SK hynix and Samsung Electronics announced a combined $520 billion investment in new AI chip fabrication plants, signaling a continued arms race in semiconductor capacity. The ADR offering provides SK hynix with a direct channel to US investors, potentially stabilizing its funding base amid rising industry costs.