$28 billion Nasdaq listing targets AI chip boom

TLDR

• SK hynix stock fell 3.38% as $28 billion Nasdaq listing plan advances.

• The Nasdaq ADR sale will fund factories, UV tools and AI memory capacity.

• SK hynix targets the growing demand from artificial intelligence, high-performance computing and data center systems.

• South Korea supports chip growth with Won576tn semiconductor plan.

• HBM’s leadership strengthens the growth case for SK hynix’s AI infrastructure.

SK hynix Inc stock fell. by 3.38% to KRW 2,343,000, as the company filed a major listing plan on the Nasdaq Stock Exchange. The South Korean chipmaker plans to raise about $28 billion through new American depositary receipts. The move is aimed at increasing demand for AI chips, while revenues will support plant, equipment and memory capacity.

SK Hynix Corporation, 000660.KS

Nasdaq listing targets new capital for AI chips

SK hynix will offer 17.79 million new shares as American depositary receipts on the stock exchange Nasdaq. Under the proposed structure, ten ADRs would represent one common share of SK hynix. 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 financing channel in the United States. It also links the company more directly to global demand for AI infrastructure.

Proceeds will be used to fund chip manufacturing plants and advanced manufacturing equipment. SK hynix also plans to purchase UV scanners from ASML. These tools support the production of advanced memory chips used in artificial intelligence systems and data centers.

SK hynix expands capacity as AI spending rises

The listing comes as chipmakers expand their production for AI-related demand. Global capital spending in AI could reach about $800 billion in 2026, according to GlobalData TS Lombard. The United States may account for more than 80% of this spending.

South Korea It also moved to support the chip industry. The government announced a 576 trillion won semiconductor and artificial intelligence investment program in the southwest of the country. SK hynix and Samsung Electronics will be key participants in this plan.

SK hynix is ​​also planning major local investments in Cheongju. The company announced a 100 trillion won plan for an M17 NAND and P&T7 packaging plant. These projects will expand production in one of the existing semiconductor regions in South Korea.

Memory market position enhances the growth status of artificial intelligence

SK hynix remains one of the largest memory chip suppliers in the world. It accounted for 29.1% of global DRAM revenue in Q1 2026. This figure included high-bandwidth memory, which remains central to AI computing demand.

The company ranked first in high-bandwidth memory with a share of 56.4%. It also ranked second in NAND flash memory with a market share of 18.5%. Its chips power graphics cards, servers, personal computers, and mobile devices.

SK hynix reported revenue of 52,576 billion won in the first quarter and profit of 40,346 billion won. For 2025, revenue reached 97,147 billion won, while profits reached 42,948 billion won. the a company It also strengthened its global footprint through Solidigm and the Nvidia memory partnership.