SK Hynix announced a U.S. listing of American Depositary Receipts on the Nasdaq on July 6, 2026. The company aims to raise approximately $28 billion through the offering. This move represents one of the largest new share sales in global history.
Proceeds will expand manufacturing capabilities to meet demand for high-bandwidth memory chips. SK Hynix plans to construct new semiconductor factories in South Korea. The company will also use the capital to purchase advanced manufacturing equipment.
SK Hynix shares have gained roughly 273% so far this year. While Seoul-listed shares declined following the announcement, analysts anticipate robust demand for the U.S. listing.
The Nasdaq debut provides the company with direct access to a new pool of global investors. Management intends to close the current valuation gap with its U.S. competitor, Micron. The listing also prepares the firm for potential inclusion in major semiconductor indices.