SK Hynix announced plans to raise a record $29.4 billion via Nasdaq ADR/IPO listing, with capital explicitly allocated to expand AI memory (HBM/DRAM) production capacity.

SK Hynix announced on June 24 that its board has approved a plan to issue new shares backing American Depositary Receipts on the Nasdaq Global Select Market. The offering aims to raise up to KRW45.45 trillion (approximately US$29.43 billion) in proceeds, which will be directed toward semiconductor facility investment to support the company's AI memory expansion initiatives.