The second-largest memory chipmaker on the planet is about to land on American soil. SK Hynix, the South Korean semiconductor powerhouse behind the high-bandwidth memory chips powering AI data centers worldwide, is preparing to list on NASDAQ through a roughly $28 billion American depositary receipt offering.
That figure makes it one of the largest US listings ever by a foreign company, second only to SpaceX.
The deal structure
SK Hynix plans to sell 177.9 million ADRs under the ticker SKHY, with each ADR representing one-tenth of a common share. Pricing is expected on or around July 9, 2026, with trading set to kick off the following day, July 10.
The offering was initially targeting approximately $29 billion but has been adjusted slightly downward to around $28 billion.
