SK Hynix Bets $29 Billion on Wall Street as AI Memory Boom Drives Record ADR (opens in new tab)

SK Hynix confirmed plans to raise up to $29.65 billion through a Nasdaq ADR listing with trading set for July 10 — an offering that would eclipse both Saudi Aramco's 2019 IPO and Alibaba's 2014 U.S. debut, with all proceeds committed to expanding AI memory fabs and acquiring ASML EUV scanners.