SK Hynix Seeks U.S. Listing via American Depositary Receipts
By Kwanwoo Jun
SK Hynix is seeking a U.S. listing and has filed a registration application for American depositary receipts with the Securities and Exchange Commission.
The South Korean memory-chip maker said Wednesday that it had made a confidential submission to the SEC regarding an ADR issuance a day earlier.
"We are pursuing a listing by the end of 2026, but details such as the size, method, and schedule of the public offering have not yet been finalized," SK Hynix said in a regulatory filing in Seoul.
The final decision on whether to list will be made after the SEC's review, considering market conditions and other relevant factors, it added.
SK Hynix is looking to raise funds, while expanding investment to capitalize on the memory-chip boom.
It announced Tuesday a plan to purchase around $8 billion of extreme ultraviolet equipment from ASML by the end of 2027, ramping up its advanced-chip production capability in response to surging demand fueled by artificial intelligence.
SK Hynix could raise up to $10 billion from a potential listing in the U.S., according to recent South Korean local media reports.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
March 24, 2026 19:51 ET (23:51 GMT)
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