South Korean SK Hynix has raised $26.5 billion from the sale of American depositary receipts (ADRs) in the United States, one of the largest deals associated with the semiconductor wave, as global demand for high-bandwidth memory used in artificial intelligence servers rises.

AI Memory Captures Investors’ Attention

According to a report published by Reuters, the company priced its ADRs at $149 per certificate. The demand for the offering was more than 7 times the shares available. SK Hynix aims to use the proceeds from the offering to fund new factories and equipment to keep up with strong chip demand, especially as it is one of the main suppliers of high-bandwidth memory used in artificial intelligence data centers.

Key Supplier in Nvidia’s Supply Chain

The company's ADRs will begin trading on Nasdaq under the ticker symbol SKHY. The deal comes at a time when advanced memory has become a key bottleneck within the AI supply chain, as Nvidia processors and data center systems require faster and more dense memory. With rising profits and demand, the company is trying to expand its global investor base and transform its chip market presence into a direct presence on Wall Street.