SK Hynix plans a $28B Nasdaq ADR listing under ticker SKHY, selling just 2.5% of the company to fund HBM chip fabs and ASML EUV equipment purchases.

SK Hynix plans a $29.4 billion ADR listing on Nasdaq to fund AI chip expansion, potentially the largest US share sale by a foreign firm in history.

In SEC filing company said it plans to sell 17.8 million shares