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South Korean memory chip giant SK Hynix is reportedly preparing to take a major step toward a U.S. market debut by filing documents for an American Depositary Receipt (ADR) offering with South Korea’s financial regulator. According to a report from the Korea Economic Daily, the move advances the company’s previously announced plan to establish a New York listing and expand its global investor base.
The planned ADR offering comes as investor interest in artificial intelligence (AI) semiconductor stocks continues to surge. SK Hynix has emerged as one of the biggest beneficiaries of the AI-driven technology boom, thanks to its position as a leading supplier of high-bandwidth memory (HBM) chips used in Nvidia’s advanced AI processors.
Industry estimates cited by the report suggest the ADR offering could raise as much as 40 trillion won (approximately $26 billion), based on the company’s recent market valuation. Earlier market speculation indicated the deal could be worth around $10 billion, although the final size and structure of the offering have not yet been finalized.
As part of the process, SK Hynix is expected to issue shares in South Korea and deposit them with the Korea Securities Depository. These shares would then serve as the underlying assets for the ADRs traded in the United States, allowing international investors easier access to the company’s stock.
The report also noted that the regulator’s review could be completed by July 3. If approved on schedule, ADR trading could begin as early as next month, marking a significant milestone for the semiconductor manufacturer.
SK Hynix first revealed its intention to pursue a U.S. listing in March as part of a broader strategy to strengthen its presence among global investors. The company’s growing role in the AI supply chain, combined with strong demand for memory chips powering artificial intelligence applications, has fueled optimism about its long-term growth prospects.
A successful ADR listing would further increase SK Hynix’s visibility in global capital markets and provide international investors with greater exposure to one of the world’s leading AI memory chip producers.
