A customer walks previous the emblem of SK hynix throughout the Korea Electronics Present 2025 on the COEX conference and exhibition centre in Seoul on October 22, 2025.
Jung Yeon-je | Afp | Getty Photographs
SK Hynix, South Korea’s most respected firm, plans to lift round $29 billion on the Nasdaq by issuing American depositary receipts (ADRs), in accordance with the agency’s regulatory submitting.
The corporate plans to situation 17.79 million new shares at a price of 45.45 trillion gained ($29.65 billion).
SK Hynix stated it expects to start out buying and selling on July 10, however added that the dates have been tentative and topic to alter.
The agency added that it anticipates that the ADR itemizing will increase its investor base, “finally permitting its true company worth to be correctly evaluated.”
“We count on to raise our standing as a world firm by broadening our touchpoints in america, the epicenter of AI technological innovation,” SK Hynix stated within the submitting.
SK Hynix is increasing quickly to accommodate hovering demand for AI. It is constructing a large new campus of reminiscence chip fabrication crops in South Korea, often known as the Yongin Cluster, which is about to start coming on-line in 2027, in addition to constructing within the U.S. for the primary time with a $4 billion packaging plant in Indiana.
A bunch of enormous banks are managing the providing, together with BofA Securities, Citigroup International Markets, Goldman Sachs and JP Morgan Securities, in accordance with Reuters.
AI has created a world reminiscence scarcity as high-performance programs gobble up massive quantities of general-purpose DRAM to make what’s often known as excessive bandwidth reminiscence, or HBM. SK Hynix holds about 60% of the HBM market share, in accordance with Counterpoint analysis director MS Hwang.
“What is evident is that SK is certainly the highest notch participant in HBM. And it’s higher in value of producing. So its working margin is the very best. So it has the very best product, lowest value. What do you want else?” Hwang instructed CNBC in an interview on June 17.
Shares in SK Hynix have soared over 280% this yr, propelling its market capitalization above $1 trillion as traders piled into corporations seen as key beneficiaries of the worldwide scramble for HBM chips.
Samsung Electronics and SK Hynix collectively account for greater than 40% of South Korea’s benchmark Kospi, elevating issues that the market may turn into extra uncovered to dangers, together with provide chain disruptions and a slowdown in international information heart funding.
