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SK Hynix files for US ADR listing to raise up to $14B for AI chip expansion

Market News
25 Mar 2026
Proactive Investors
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Bullish
pluang ai news

South Korean memory chip maker SK Hynix has confidentially filed with the US SEC for a potential listing of American Depositary Receipts (ADRs) on a US stock exchange, aiming to complete by the end of 2026. The move is intended to raise between $10 billion and $14 billion to fund expansion of high-bandwidth memory and AI-related chips. SK Hynix plans significant capital spending, including $8 billion on advanced equipment from ASML by 2027. This listing also aims to narrow the valuation gap with US-listed AI chip peers like Micron, amid strong global demand for AI semiconductors.

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