SK hynix confidentially filed for a U.S. listing of American depositary receipts. The offering could raise between $10 billion and $14 billion. The company plans to complete the listing by 2026.
Explosive demand for high-bandwidth memory chips used in artificial intelligence infrastructure drives the move. Specific details on the final offering size and timing are not yet finalized.
Proceeds will fund production capacity expansion in Yongin, South Korea, and Indiana. This capital injection aims to solidify the company's leading position in the AI memory market. The expansion also intends to alleviate ongoing global memory shortages.