South Korean chipmaker SK Hynix plans to raise up to 45.45 trillion won ($29.43 billion) through an American Depositary Receipt (ADR) listing on the Nasdaq, according to a regulatory filing released on June 24.
The company intends to issue 17.79 million new shares, with trading expected to begin on July 10. If priced at the top end of the range, the deal would surpass the $21.8 billion raised by Alibaba Group in 2014, making it the largest ADR offering on record.
SK Hynix said the proceeds will fund a new semiconductor facility in Yongin, an advanced packaging plant in Cheongju, and additional equipment purchases, including Extreme Ultraviolet (EUV) lithography systems used to manufacture advanced chips.
SK HYNIX APPROVES NASDAQ ADR ISSUANCE TO RAISE UP TO ₩45.5T
SK Hynix officially approved a new-share DR issuance through a third-party allotment method, with plans to list on Nasdaq Global Select Market on July 10.
Issuance size:
17.79M new shares
Reference price:… pic.twitter.com/5Hhg9rgsmv— Wall St Engine (@wallstengine) June 24, 2026
The fundraising announcement comes days after SK Hynix overtook Samsung Electronics as South Korea’s most valuable listed company.
Nvidia and Google push demand for HBM chips
SK Hynix has become one of the biggest beneficiaries of rising spending on artificial intelligence infrastructure. The company is the world’s leading supplier of High-Bandwidth Memory (HBM), a specialized memory chip used alongside AI processors. HBM has become essential for training and running large AI models because it can move vast amounts of data much faster than conventional memory.
Major technology firms, including Nvidia and Google, rely on HBM chips in their AI systems, placing SK Hynix in a strong position as demand for AI computing power continues to grow.
AI systems spending reaches beyond tech
The fundraising plan also offers a glimpse into where capital is flowing across technology markets. Investors are no longer focusing only on AI software companies. Increasingly, attention is turning to the businesses that supply the hardware needed to run AI systems.
The same data centres powering AI applications also support cloud services, financial technology platforms, and parts of the blockchain industry. Many blockchain networks, crypto exchanges, and digital asset firms depend on large-scale computing infrastructure provided by companies investing heavily in advanced chips and data centres.
While AI remains the immediate driver of demand, the race to build computing capacity is creating opportunities across several sectors. SK Hynix’s planned Nasdaq listing shows investor interest in the companies supplying the hardware behind the world’s expanding digital infrastructure.
Meanwhile the organization overtook Samsung Electronics to become South Korea’s most valuable listed company, a big change in the country’s technology sector as demand for AI hardware continues to surge.
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