SK Hynix Targets $29 Billion in Massive U.S. Listing

SK Hynix is preparing a historic capital raise of up to 45.45 trillion won, or $29.43 billion, through a U.S. stock market listing. The move signals an aggressive push to scale chip production specifically for artificial intelligence, marking one of the largest corporate funding efforts in global market history.

Editorial·June 24, 2026·reads: 1,862

SK Hynix Targets $29 Billion in Massive U.S. Listing

The scale of the offering draws immediate comparisons to Saudi Aramco’s 2019 IPO, placing the South Korean chipmaker in a rare tier of market capitalization. Analysts expect the company to command valuation multiples comparable to Micron, a prospect that could sustain current momentum across the semiconductor sector.

This capital injection underscores a broader, industry-wide race to secure funding for the infrastructure required by the AI boom. By tapping U.S. markets, the company aims to capitalize on high investor demand for hardware makers, mirroring the heavy infrastructure spending currently driving economic growth in both the United States and South Korea.