SK Hynix plans to issue depositary receipts on Nasdaq to raise 45.45 trillion
won (about $29.4 bln), with trading expected to begin July 10. The deal is led
by Bank of America, CITIGROUP, Goldman and JP Morgan. SK Hynix, Samsung
Electronics and Micron are the three HBM suppliers seen as a key bottleneck for
data center expansion; Counterpoint Research estimates SK Hynix held a 57%
global revenue share in Q4 2025. The company’s valuation remains below Micron
and Samsung; strong storage-chip demand has driven SK Hynix’s Korean shares up
over 300% YTD. A U.S. listing would broaden the investor base and could help
narrow its valuation gap with peers.