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SK Hynix Raises $29.6 B via Nasdaq ADR, Funds Fab

6/27/2026

48 10 Full Breakdown

Summary

Story summary

SK Hynix will list ADRs on Nasdaq on July 10 with ticker “SKHY,” issuing 17.79 million shares at 255,500 won each to raise about $29.65 billion.
Analysts added a 20% premium, lifted the target to 4 million won and expect a U.S. price rise.
Proceeds will fund a wafer fab in Yongin, Cheongju P&T7 plant and EUV equipment, as SK Hynix holds 58% of Q1 2026 HBM market and supplies 60% of Nvidia’s HBM chips.

History

Historical Context

TSMC listed on the Taiwan Stock Exchange in 1993, giving it public capital that fueled rapid expansion and helped it dominate roughly 70 % of the global foundry market. Decades later, SK Hynix’s July 2024 Nasdaq ADR offering seeks about US$29.65 billion to build new memory fabs, reinforcing the Asian memory sector’s role as a key supplier for Nvidia’s high-bandwidth products.

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Story summary

SK Hynix will list ADRs on Nasdaq on July 10 with ticker “SKHY,” issuing 17.79 million shares at 255,500 won each to raise about $29.65 billion.
Analysts added a 20% premium, lifted the target to 4 million won and expect a U.S. price rise.
Proceeds will fund a wafer fab in Yongin, Cheongju P&T7 plant and EUV equipment, as SK Hynix holds 58% of Q1 2026 HBM market and supplies 60% of Nvidia’s HBM chips.

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