SK Hynix launched a U.S. listing on Monday to raise approximately $28 billion [1] to fund AI-driven memory chip production.
This move allows the Seoul-headquartered company to capitalize on the global artificial intelligence boom. By accessing U.S. capital markets, the chipmaker aims to accelerate the build-out of infrastructure required to meet the surging demand for high-performance memory.
The company is pursuing the funding through an American Depositary Receipt offering, with plans to sell 17.79 million common shares [2]. This capital injection is part of a broader strategy to scale capacity as AI applications increase the need for specialized memory hardware.
Investment in physical infrastructure is already underway. SK Hynix plans to spend 100 trillion won, or roughly $64.38 billion [3], on new chip plants, including NAND flash facilities. A significant portion of this investment is directed toward a new NAND fab in Cheongju, estimated at $51.46 billion [4].
The push for expansion follows a period of significant growth for the firm. In the second quarter of 2025, the company reported revenue of 22.2 trillion won [5].
Company officials said the Nasdaq listing is a strategic step to ride the AI wave. The increased liquidity from the U.S. market is expected to support the company's long-term goal of dominating the memory landscape for generative AI.
“SK Hynix launched a U.S. listing on Monday to raise approximately $28 billion.”
The decision by SK Hynix to list on the Nasdaq signals a shift in how non-U.S. semiconductor firms are financing the massive capital expenditures required for the AI era. By raising billions in the U.S., the company is not only securing funds but also tying its valuation more closely to the American tech ecosystem, where the primary designers of AI chips and the largest cloud providers reside.
