SK Hynix announced an American Depositary Receipt (ADR) listing in July targeting approximately $29 billion USD to fund HBM (high-bandwidth memory) chip production expansion, as the company leads AI memory demand against Samsung and Micron.

SK Hynix announced plans to list American Depositary Receipts (ADRs) in July, targeting approximately $29 billion in capital through the offering. The company intends to use the proceeds to expand high-bandwidth memory (HBM) chip production capacity.

The timing reflects intensifying competition in AI memory chips, where SK Hynix currently leads demand alongside Samsung and Micron. The substantial capital raise underscores the chipmaker's strategic focus on scaling HBM production to meet the surging requirements of AI infrastructure buildouts globally.