SK Hynix Gains Nearly 6%; Company Says It Weighs $10 Billion US ADR Sale

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TradingKey - SK Hynix Inc. is considering raising between 10 trillion and 15 trillion won ($7.2 billion to $10.9 billion) through a U.S. listing of American depositary receipts (ADRs), as demand for high-bandwidth memory (HBM) chips surges amid the global boom in artificial intelligence, the Korea Economic Daily reported Tuesday. The stock climbed 5.7% in Seoul trading.

The world’s second-largest memory chipmaker is said to be planning a new share issuance for the ADR sale, aiming to tap U.S. equity markets for valuation and liquidity gains, according to the paper.

Proceeds from the potential offering would be directed primarily toward AI-related infrastructure investment. That includes the development of a semiconductor cluster in Yongin, South Korea, and capacity expansions for HBM and other advanced memory products. The Yongin project has been designated by Seoul as a key hub for next-generation memory and AI chip production. SK Hynix intends to deploy cutting-edge manufacturing lines there to reinforce its leadership in AI memory technology.

A company spokesperson said in a statement that “various measures to enhance shareholder value, including an ADR issuance, are under review, but no final decision has been made.”

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