Overview
- SK Hynix sold about 177.9 million American Depositary Receipts at $149 each and raised roughly $26.5 billion in the U.S. offering.
- The ADRs began trading on Nasdaq under a temporary ticker and opened about 14% above the offer price, reflecting demand that was reported to be more than seven times available shares.
- The company told regulators the money will fund new fabrication plants, an advanced packaging facility and purchases of EUV lithography scanners to boost production of high‑bandwidth memory used in AI servers.
- SK Hynix’s U.S. listing aims to give American investors direct exposure and help narrow its valuation gap with U.S. peers while the firm still faces execution risks from large fab builds, yield ramps, market cyclicality and legal or export controls.
- The offering, completed this week, tightens supply stakes because SK Hynix is one of the few producers of HBM chips that feed GPUs from companies such as Nvidia, so its capacity plans could materially affect AI infrastructure availability and pricing.