SK Hynix Confirms $29.4 Billion US Listing on Nasdaq to Fund HBM Expansion
- SK Hynix will issue 17.79 million new ADRs on Nasdaq with trading set to begin July 10, 2026, in what would be one of the largest Korean-linked US listings of the year and a direct play on the AI memory buildout.
- Proceeds are earmarked for HBM capacity expansion including new Yongin fabs, Cheongju advanced-packaging lines, and EUV lithography tools, per Bloomberg (https://www.bloomberg.com/news/articles/2026-07-05/sk-hynix-seeks-access-to-ai-investors-in-29-billion-us-listing).
- The deal hands US funds direct access to the dominant high-bandwidth memory supplier just as Nvidia/AMD roadmaps lean ever more heavily on stacked HBM4/HBM5 supply.