SK Hynix to file ADR-linked new share sale plan with FSS

SK Hynix, the world’s second-largest memory chipmaker, has filed a plan for a new share sale linked to its upcoming American Depositary Receipt (ADR) listing, according to recent disclosures. The company aims to proceed with the U.S. listing within 2026, with sources indicating that the offering could debut as soon as August following anticipated SEC approval. The ADR offering is expected to expand the company’s investor base and provide additional capital to support its aggressive expansion in high-bandwidth memory (HBM) production, a critical component for AI systems.

While the size and timing of the offering remain undetermined, local media have reported that SK Hynix is considering raising between $6.7 billion and $10 billion. The company has emphasized that the final decision will depend on SEC’s review, market conditions. The ADR structure allows U.S. investors to trade shares without the company issuing new stock, preserving value for existing shareholders.

SK Hynix has been a major beneficiary of the AI-driven surge in demand for memory chips, with its share price rising over 240% and its market value surpassing $1 trillion. The company recently announced a $7.97 billion ASML order, underscoring its commitment to long-term strategic investments. With construction of its $15 billion Yongin Semiconductor Cluster and Indiana-based advanced packaging facility progressing smoothly, SK Hynix is positioning itself to meet growing global AI demand.