SK hynix to launch $28bn Nasdaq listing amid global AI chip demand

SK hynix plans to rise astir $28bn done a New York listing, aiming to capitalise connected the existent surge successful request for chips utilized successful AI.

According to regulatory filings, the South Korean representation semiconductor shaper volition connection 17.79 cardinal caller shares successful the signifier of American Depositary Receipts (ADRs) connected the Nasdaq. Ten ADRs volition correspond 1 mean SK hynix share.

The terms scope for the listing volition beryllium revealed connected Monday. The last connection terms volition beryllium confirmed connected Thursday, with trading acceptable to statesman connected Friday.

Proceeds from this listing are earmarked for backing operation of spot fabrication plants and purchasing precocious spot equipment, including an utmost ultraviolet scanner made by ASML successful the Netherlands.

SK hynix stated that these investments volition further alteration it to enactment expanding planetary demand, peculiarly for representation components utilised successful AI, high-performance computing, and information centre infrastructure.

The US listing comes arsenic chipmakers globally question superior to standard up successful effect to the ongoing displacement towards AI-based technologies, Reuters reported.

According to a GlobalData TS Lombard study by Dario Perkins, planetary AI superior spending is estimated to beryllium astatine astir $800bn successful 2026, with the US accounting for much than 80%. The study said US AI capex could scope 2% of GDP successful 2026, portion astir different economies would walk a smaller share.

It cited Saudi Arabia, Malaysia, China and the Scandinavian economies arsenic the adjacent largest spenders, astatine AI capex-to-GDP ratios astir 4 times little than the US.

Recently, South Korea's authorities announced a wide concern argumentation inaugural with a absorption connected the semiconductor and AI sectors. This includes a Won576tn ($576bn) spot concern programme targeting the country's southwest.

SK hynix and Samsung Electronics person been named arsenic anchor participants.

Currently, SK hynix is among the starring representation spot suppliers worldwide. According to the company's filings and IDC research, it held 2nd spot successful planetary DRAM marketplace share, including HBM, astatine 29.1% by gross successful the archetypal 4th of 2026.

The institution was archetypal worldwide successful precocious bandwidth representation (HBM), with a 56.4% share. SK hynix was besides ranked arsenic the 2nd largest supplier of NAND flash representation astatine 18.5% marketplace stock for the aforesaid period.

Its representation products are recovered successful a scope of systems, from graphics cards and idiosyncratic computers, to mobile devices and servers. The Korean firm's portfolio covers DRAM and NAND flash representation with assorted densities, speeds and powerfulness profiles.