SK Hynix to List $30B in ADRs on Nasdaq July 10
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SK Hynix will list ~45.4 trillion Korean won ($29.7 billion) worth of American depository receipts on the Nasdaq on July 10, according to parent SK Square, which announced the plan on Wednesday.
- SK Hynix said the proceeds will go toward fab construction and the purchase of extreme ultraviolet scanners — a direct tailwind for longtime supplier ASML.
- Currently U.S. investors must buy SK Hynix directly on the Korean exchange or through wrappers like the Roundhill Memory ETF; the ADR listing removes that friction.
- SK Hynix shares have surged 296% year-to-date and 802% over the last 52 weeks on AI-driven memory-chip demand, though the stock stumbled on Tuesday as the Kospi plunged 10%.
- Fellow South Korean chipmaker Samsung Electronics also fell in the same selloff, while U.S. rival Micron Technology was set to report quarterly results after Wednesday's close.
Why it matters: The $29.7 billion ADR listing opens direct U.S. access to one of three AI-memory winners now hidden behind the Korean exchange or ETF wrappers, while the new capital is earmarked for EUV-equipped fab expansion that directly benefits ASML and tightens the AI-chip supply chain.
