SK Hynix Plans $29.4 Billion US Listing After 300% Stock Surge

SK Hynix, the world's second-largest memory chipmaker, plans to raise 45.45 trillion won ($29.4 billion) through a listing in the United States, according to media reports. The move comes after its stock surged nearly 300% over the past year, driven by strong demand for memory chips used in AI applications.

Listing Details

SK Hynix targets raising 45.45 trillion won (approximately $29.4 billion) via an initial public offering on a US stock exchange. The specific exchange and timeline have not been disclosed, but expectations suggest the listing could occur in the second half of 2026.

Use of Proceeds

The company plans to use the funds for:

• Expanding production capacity for HBM (High Bandwidth Memory) used in AI accelerators.
• Purchasing EUV (Extreme Ultraviolet) lithography machines from ASML for advanced chip manufacturing.
• General investments in research and development.

Context

SK Hynix's stock has surged nearly 300% over the past year, pushing its market capitalization above $100 billion. Demand for memory chips from tech giants like NVIDIA and AMD has driven the company to increase investment. A US listing would give the company broader access to international investors and strengthen its position in the memory chip market.

What This Means for Investors

The proposed listing could offer international investors a direct opportunity to invest in one of the world's largest chip companies. However, the success of the offering depends on market conditions and regulatory approvals. Competition with Samsung Electronics and Micron Technology may also affect valuation.