SK Hynix targets $29.4 billion US listing to expand AI chip output
What's next: Trading is expected to begin July 10, in a deal that would rank among the five biggest share sales ever.
SK Hynix plans to raise 45.45 trillion won, or about $29.4 billion, through a US listing as it races to add capacity for artificial intelligence memory chips. The South Korean company expects trading to start July 10, according to a regulatory filing. At that size, the sale would be among the five largest share offerings on record, comparable to Saudi Aramco's 2019 IPO. SK Hynix said it will use the proceeds to build additional capacity. The company held 57% of the high-bandwidth memory market by revenue in the fourth quarter of 2025, Counterpoint Research data showed, as demand for AI data centers lifted chipmakers across the supply chain.