SK Hynix, the company that controls 57% of the high-bandwidth memory market powering the AI revolution, is about to land on Nasdaq. And it’s bringing a $29.65 billion capital raise with it.
The South Korean memory giant plans to begin trading American depositary receipts on July 10, 2026, in what amounts to a direct challenge to Micron Technology’s position as the go-to memory chip investment for US-based fund managers. The listing aims to raise approximately 45.45 trillion won, a figure that dwarfs the company’s original plan of $9.6 to $14.4 billion that was initially slated for the second half of 2026.
Why the rush, and why so big
The timing is far from accidental. SK Hynix shares surged as much as 12% on June 25 after Micron reported strong quarterly results, a rising-tide moment that underscored just how hungry investors are for memory chip exposure.
The proceeds will fund expansion of fabrication plants in South Korea, with potential manufacturing buildouts in other regions as well.
