South Korea's SK Hynix plans to raise $29.43 billion via Nasdaq ADRs, aiming to expand AI chip production and build advanced facilities in Yongin and Cheongju.

The South Korean chipmaker’s business has soared on booming AI demand.

SK Hynix plans to raise up to $33B through new ADRs targeting a US listing in August 2026, funding expansion of its AI-critical High Bandwidth Memory chips.

World's second-largest memory chipmaker set to expand production capacity