SK Hynix US Listing Aims To Fund AI Chips
SK hynix US listing filed an F-1 to register ADSs on Nasdaq to raise up to $29.4B for AI memory capacity, spurring probable U.S. investor inflows.
KEY TAKEAWAYS
- Filed a Form F-1 to register ADSs for Nasdaq and authorized up to 17,790,000 new common shares.
- The registration seeks to raise up to $29.4 billion to expand AI memory capacity and fabs.
- Trading is expected to begin on July 10 pending pricing and listing approvals.
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SK hynix Inc. filed a Form F‑1 registration statement with the U.S. Securities and Exchange Commission on June 24, 2026, to register American Depositary Shares (ADSs) for a Nasdaq listing. The move could broaden the company’s investor base and finance an expansion of capacity for memory chips used in artificial intelligence amid rising global demand from data centers.
Offering Structure and Strategic Use of Proceeds
The filing shows SK hynix plans to raise up to KRW 45.45 trillion (about $29.4 billion) through the ADS offering. The board authorized issuing up to 17,790,000 new common shares, with each share represented by ten ADSs. The offering is subject to SEC effectiveness and customary regulatory and exchange approvals.
Proceeds will fund expanded production capacity for AI-related memory chips, including new chip factories in South Korea and purchases of advanced chipmaking equipment such as extreme ultraviolet (EUV) scanners. The company also intends to support additional capacity in facilities under construction in the United States to meet strong AI customer demand and ease capacity constraints in the memory-chip sector. The ADS program on Nasdaq aims to give U.S. investors easier access to SK hynix shares while channeling large-scale funding into factory and equipment investments.
SK hynix is the world’s second-largest memory-chip maker and a primary supplier of high-bandwidth memory (HBM) to major AI customers like Nvidia. Its focus on HBM for data centers has contributed to its recent market performance and rise as South Korea’s most valuable company.
If completed as planned, the raise would rank among the largest share sales globally and could be one of the biggest ADS offerings on record. Analysts note the U.S. listing and potential U.S. valuation multiples could influence investor perceptions and narrow the valuation gap with U.S. memory peers.
Trading of the ADSs is expected to begin on July 10, pending completion of pricing and listing approvals.
