IT Home (IT之家) June 24 news, according to a Bloomberg report on the 24th (today), SK Hynix plans to issue depositary receipts on NASDAQ to raise 45.45 trillion South Korean won (IT Home note: approximately 29.4 billion US dollars or 200.525 billion Chinese yuan at the current exchange rate), with trading of the depositary receipts expected to begin on July 10.
Samsung Electronics, Micron Technology, and SK Hynix are the world's three major high-bandwidth memory manufacturers, controlling key supply links in global AI infrastructure construction. As data centers accelerate their expansion, high-bandwidth memory supply has become a major bottleneck restricting growth.
According to Counterpoint Research data, by revenue, SK Hynix had captured a 57% global market share in the fourth quarter of 2025, but its valuation still lags behind Micron and Samsung.
Surging demand for memory chips has driven the stocks of all three companies to rise rapidly. SK Hynix's shares listed in Seoul have already rose more than 300% .
Listing in the U.S. allows SK Hynix to attract new investors and is expected to narrow the valuation gap with its competitors. Asian chip companies such as TSMC have already entered the U.S. market, and the U.S. listing channel has helped TSMC attract overseas funds, further cementing its popularity among U.S. investors. The AI boom has amplified this advantage.
SK Hynix's first-quarter operating profit reached a record 37.61 trillion won (approximately $25.4 billion or 1,659.35 billion yuan at current exchange rates), higher than the analyst average estimate of 35.7 trillion won (approximately 1,575.08 billion yuan at current exchange rates). Revenue nearly tripled to 52.58 trillion won (approximately 2,319.83 billion yuan at current exchange rates).
The offering was led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.
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