South Korean memory chipmaker SK Hynix plans to raise up to $29.43 billion [1] through an American Depositary Receipt listing on the Nasdaq.

The move allows the company to capitalize on high investor demand for artificial intelligence stocks to fund the massive production capacity required for AI-related memory chips.

According to a filing with South Korea's Financial Supervisory Service on June 24, 2026 [3], the company intends to issue approximately 17.79 million new shares [2]. While some reports cite a target of $29 billion [2], other filings indicate the total could reach $29.43 billion [1] or 45.45 trillion won [3].

Trading for the ADRs is expected to begin on July 10, 2026 [2]. The listing is designed to expand the company's global investor base by providing direct access to the U.S. stock market.

Reports on the timing of the news vary. Digitimes said the filing was disclosed on June 24, 2026 [3], while The Globe and Mail said a public announcement occurred on Wednesday, June 26, 2026 [4].

By securing this capital, SK Hynix aims to maintain its competitive edge in the high-bandwidth memory market, a critical component for the processors that power generative AI systems.

“SK Hynix plans to raise up to $29.43 billion through an American Depositary Receipt listing on the Nasdaq.”

This listing signals a strategic shift by SK Hynix to diversify its funding sources and align itself more closely with U.S. capital markets. As the AI race accelerates, the immense capital requirement for fabrication plants and R&D makes the Nasdaq an attractive venue to capture the valuation premiums currently associated with AI infrastructure providers.