TLDR
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SK hynix stock drops 3.38% as $28B Nasdaq listing plan advances.
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Nasdaq ADR sale will fund fabs, EUV tools, and AI memory capacity.
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SK hynix targets rising demand from AI, HPC, and data centre systems.
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South Korea backs chip growth with a Won576tn semiconductor plan.
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HBM leadership strengthens SK hynix’s AI infrastructure growth case.
SK hynix Inc. stock fell 3.38% to 2,343,000 KRW as the company advanced a major Nasdaq listing plan. The South Korean chipmaker plans to raise about $28 billion through new American Depositary Receipts. The move targets rising AI chip demand, while proceeds will support fabs, equipment, and memory capacity.
Nasdaq Listing Targets Fresh AI Chip Capital
SK hynix will offer 17.79 million new shares as American Depositary Receipts on the Nasdaq. Under the proposed structure, ten ADRs will represent one ordinary SK hynix share. The company plans to reveal the price range on Monday and set the final price on Thursday.
Trading will begin on Friday after pricing, according to the filing schedule. The listing gives SK hynix a larger funding channel in the United States. It also links the company more directly with global demand for AI infrastructure.
The proceeds will fund chip fabrication plants and advanced manufacturing equipment. SK hynix also plans to buy extreme ultraviolet scanners from ASML. These tools support production of advanced memory chips used in AI systems and data centres.
SK hynix Expands Capacity as AI Spending Rises
The listing comes as chipmakers expand production for AI-related demand. Global AI capital spending could reach about $800 billion in 2026, according to GlobalData TS Lombard. The United States may account for more than 80% of that spending.
South Korea has also moved to support its chip industry. The government announced a Won576 trillion semiconductor and AI investment programme for the country’s southwest. SK hynix and Samsung Electronics will serve as anchor participants in that plan.
SK hynix also plans major domestic investment in Cheongju. The company announced a Won100 trillion plan for the M17 NAND fab and P&T7 packaging plant. These projects will expand output in one of South Korea’s established semiconductor regions.
Memory Market Position Strengthens AI Growth Case
SK hynix remains one of the world’s largest memory chip suppliers. It held 29.1% of global DRAM revenue in the first quarter of 2026. That figure included high bandwidth memory, which remains central to AI computing demand.
The company ranked first in high bandwidth memory with a 56.4% share. It also held second place in NAND flash memory with an 18.5% market share. Its chips power graphics cards, servers, personal computers, and mobile devices.
SK hynix reported Won52,576 billion in first-quarter revenue and Won40,346 billion in profit. For 2025, revenue reached Won97,147 billion, while profit stood at Won42,948 billion. The company also strengthened its global footprint through Solidigm and its Nvidia memory partnership.
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