SK hynix files for $29 billion Nasdaq listing to fund AI memory fabs and advanced packaging plants
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SK hynix files to raise up to $29 billion in historic Nasdaq listing -- all proceeds going to advanced AI memory fabs and EUV tool orders
SK hynix filed a securities registration statement with South Korea's Financial Supervisory Service and the U.S. SEC on Wednesday to raise up to 45.45 trillion won ($29.43 billion) through an American depositary receipt listing on the Nasdaq Global Select Market scheduled for July 10th, and the
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SK Hynix overtakes Samsung to become Korea's most valuable company
SEOUL, June 22 (Reuters) - SK Hynix (000660.KS), opens new tab on Monday overtook Samsung Electronics (005930.KS), opens new tab to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt. The
[3]
Samsung just lost a crown it held for 25 years
It has a market cap of approximately $1.35 trillion, largely due to the boom in demand for high-bandwidth memory (HBM) chips. The AI boom isn't just causing smartphone prices to increase, it's also impacting the value of companies that make chips for AI systems. For over 25 years, Samsung was the
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S.Korea chip giant SK hynix seeks $29 bn in Nasdaq listing: regulatory filing
Seoul (AFP) - South Korea's SK hynix, a maker of memory chips for artificial intelligence data centres, said Wednesday it plans to raise 45.45 trillion won ($29 billion) through a listing on Wall Street's tech-heavy Nasdaq stock index. It marks a major push by the company to broaden its access to
[5]
South Korea's SK Hynix says to raise $29 billion in ADR listing
South Korea's SK Hynix is set to raise a massive $29.43 billion through American Depositary Receipts on Nasdaq. This significant capital infusion aims to bolster its investor base and expand production capacity for crucial AI chips. Funds will be channeled into building a new chip factory in
[6]
Nvidia Supplier SK Hynix Targets Massive Nasdaq Debut -- And It's Coming For Alibaba's Record - Alibaba Gr
South Korean semiconductor giant SK Hynix is setting its sights on a massive American Depositary Receipts (ADR) listing in a bid to expand its investor base and ramp up chip production capabilities. The firm intends to issue 17.79 million new shares to facilitate the ADR listing on the Nasdaq
[7]
SK Hynix overtakes Samsung to become South Korea's most valuable company
SK Hynix has surged past Samsung Electronics to become South Korea's most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips crucial for AI systems. This remarkable turnaround, from near collapse two decades ago to a market leader, highlights the transformative impact of
[8]
Nvidia Supplier SK Hynix Overtakes Samsung Electronics To Become South Korea's Most Valuable Company - SA
AI Memory Chip Demand Propels SK Hynix Past Samsung Shares of SK Hynix surged 5.7% during trading, lifting the company's market capitalization to about 2,082.5 trillion won ($1.35 trillion), narrowly edging past Samsung Electronics at 2,081.3 trillion won, Reuters reported. The milestone marked a
[9]
SK hynix overtakes Samsung in market value amid AI-driven chip boom - The Korea Times
A dealing room display at Hana Bank in Seoul shows the won-dollar exchange rate, KOSPI and the closing prices of SK hynix and Samsung Electronics, Monday. KOSPI closed at 9,114.55, up 62.13 points, or 0.69 percent, from the previous session, setting a record high on a closing basis. SK hynix also
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SK Hynix dethrones Samsung Electronics as South Korea's most valuable company
South Korean chipmaker SK Hynix has briefly surpassed Samsung Electronics to become the nation's most valuable company. This surge, driven by booming demand for memory chips fuelled by AI data centre construction, has seen SK Hynix shares skyrocket over 340% this year. Both companies have benefited
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South Korea's SK Hynix says to raise up to $29 bln in ADR listing
SK Hynix plans to raise up to $29.43 billion via the listing of American Depositary Receipts, the South Korean chipmaker said on Wednesday. The move comes as the company seeks to expand its investor base and production capacity for chips used in artificial intelligence. The world's second-largest
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SK Hynix Seeks to Raise About $29 Billion in U.S. Listing
South Korea's SK Hynix plans to raise more than $29 billion through a U.S. listing, seeking to tap foreign investors to fund its expansion plans as the artificial-intelligence boom fuels a rush for advanced chips. The world's second-largest ?memory chip maker is looking to raise 45.453 trillion
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How SK Hynix's bet on a niche memory chip made it more valuable than Samsung
SEOUL, June 24 (Reuters) - SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought it skepticism and scorn but ultimately put it at the centre of the global AI gold rush. In 2012, conglomerate SK Group acquired
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SK Hynix overtakes Samsung as South Korea's most valuable company
SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company. Shares in what is now the world's most valuable memory chipmaker closed 5.6% higher to bring the company's market capitalization to $1.35 trillion. That was fractionally ahead of Samsung
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SK hynix is raising up to $29 billion through a Nasdaq listing on July 10, channeling all proceeds into advanced AI memory fabrication facilities and EUV equipment. The move comes as the company overtakes Samsung to become South Korea's most valuable listed company, riding the wave of surging demand for high-bandwidth memory chips used in AI systems.
SK hynix Targets Historic $29 Billion Nasdaq Listing
SK hynix filed a securities registration statement with South Korea's Financial Supervisory Service and the U.S. SEC on Wednesday to raise up to 45.45 trillion won ($29.43 billion) through an American Depositary Receipt (ADR) listing on the Nasdaq Global Select Market scheduled for July 10
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. The offering covers 17.79 million newly issued common shares and would rank among the largest ADR sales ever completed4
. Ten ADRs will represent one common share, with the final per-ADR price to be set through bookbuilding shortly before the July 10 debut1
. BofA Securities, Citigroup, Goldman Sachs, and JP Morgan are managing the sale, and the regulatory review is expected to conclude by July 3, with the new shares registering on the Korea Exchange on July 291
.All Proceeds Directed to Advanced AI Memory Fabrication and EUV Equipment
Source: ET
SK hynix earmarked the entire proceeds for its first fab in the Yongin Semiconductor Cluster, an advanced packaging plant in Cheongju, and chipmaking equipment that includes EUV scanners
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. The first fab in the Yongin cluster, designated Y1, carries a 31 trillion won ($21.5 billion) commitment for its initial phase and is due for completion around February 2027, with equipment installation to follow in the second quarter1
. The Cheongju P&T7 advanced packaging plant, a 19 trillion won ($12.9 billion) site dedicated to HBM assembly and testing, broke ground in April and is targeted for completion at the end of 20271
. EUV lithography is needed in both facilities, and SK hynix placed a record $7.9 billion order with ASML in March covering roughly 30 scanners through 20271
.SK hynix Overtakes Samsung as South Korea's Most Valuable Company
Source: Korea Times
Just two days before the filing, SK hynix passed Samsung Electronics to become South Korea's most valuable listed company, ending a 26-year run at the top
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. The company's market capitalization reached 2,082.5 trillion won ($1.35 trillion) as shares traded up 5.7%, compared with Samsung Electronics' 2,081.3 trillion won, excluding preferred shares2
. SK hynix shares have skyrocketed more than 340% this year, lifting its market value above both Samsung Electronics and Micron2
. The company is now the world's most valuable memory chipmaker2
.High-Bandwidth Memory Dominance Drives AI-Driven Demand
Source: ET
The company has emerged as one of the biggest beneficiaries of the global AI boom as the dominant supplier of high-bandwidth memory (HBM) chips used in AI systems for customers such as Nvidia and Google
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. SK hynix currently holds approximately 61% share in the HBM market, compared to Micron's 21% and Samsung's 17%3
. The company holds about 57% of the HBM market and 32% of global DRAM1
. Along with Samsung, SK hynix is supplying advanced high-bandwidth memory components to Nvidia for its cutting-edge "Vera Rubin" AI platform4
.Related Stories
AI Chip Supply Chain Pressures Expected to Continue Until 2030
None of the funded projects will produce memory in time to ease the shortage that's still driving up prices
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. Both the Yongin fab and the Cheongju packaging plant reach volume output in 2027, near the back end of that window1
. Chairman Chey Tae-won has said repeatedly that AI demand will keep supply tight until 20301
. DRAM contract prices have run higher through 2026 as the three memory makers tilt wafer capacity toward HBM, which consumes around three times the silicon per gigabyte of standard DDR51
. The company confirmed the ADR plan in early June alongside a pledge to double wafer capacity within five years, a timeline Chey acknowledged would do little to shorten the squeeze1
.Reshaping the Semiconductor Landscape and AI Chip Market
The achievement marks the culmination of one of the biggest turnarounds in South Korea's corporate history for SK hynix
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. In 2002, then-Hynix Semiconductor was on the verge of being sold to Micron, having been crippled by debt accumulated during an aggressive expansion drive2
. Its shares plunged as low as 135 won in 2003, leaving it viewed as a penny stock among investors2
. "The emergence of customised AI memory fundamentally changed the industry's economics and allowed SK hynix to establish itself as the market leader," said Kim Sunwoo, a senior analyst at Meritz Securities2
. The company stated that the Nasdaq listing will broaden its investor base, ultimately enabling a proper valuation of its corporate value, and further elevate its status as a global company by expanding its presence in the US, the epicenter of AI technological innovation4
. The memory chip industry has been reshaped as AI elevates specialized memory chips from commonly traded commodities into critical components of the infrastructure powering applications such as ChatGPT and advanced AI models2
.References
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