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SK Hynix may raise up to $10 billion from US listing, Korea Economic Daily says
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SK Hynix may raise up to $10 billion from US listing, Korea Economic Daily says
Mar 24, 2026 12:57 AM

SEOUL, March 24 (Reuters) - South Korea's SK Hynix

is considering raising 10 trillion to 15 trillion

won ($10.03 billion) through a potential U.S. listing, aiming to

expand production capacity for advanced memory chips, the Korea

Economic Daily reported.

A U.S. listing would give the Nvidia ( NVDA ) supplier

access to a wider pool of capital and could help narrow a gap in

its valuation compared with global peers such as Micron,

the newspaper said.

Here are some details:

* SK Hynix plans to issue new shares to support a listing of

American depositary receipts (ADRs), with funds likely to be

used to build artificial intelligence infrastructure and expand

capacity for memory products, the newspaper reported, citing

unnamed industry sources.

* The chipmaker, in a statement to Reuters, said that the

company is reviewing various measures to enhance shareholder

value, including an ADR listing, but added that nothing has been

finalised.

* SK Group Chairman Chey Tae-won last week said SK Hynix

is reviewing a potential U.S. ADR listing to broaden its global

investor base beyond Korea and increase exposure to global

investors.

* In January, SK Hynix said it would cancel about 12.2

trillion won worth of treasury shares, equivalent to 2.1% of

total shares outstanding, in a move aimed to boost shareholder

value.

* SK Hynix ranks No.1 in the high-bandwidth memory chip

market, used in AI, with a 57% share. It also holds a 32% share

of the global DRAM market, used in AI chipsets and electronic

devices, making it the second-largest player after cross-town

rival Samsung Electronics ( SSNLF ), according to

Counterpoint.

* Shares of SK Hynix closed up 5.7%, compared with a 2.7%

rise in the benchmark KOSPI.

($1 = 1,495.0000 won)

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