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SK hynix May Sell More US Shares as $26.5B IPO Unlocks Expansion Plan

2026-07-11 02:25:02

SKHYV-0.98%

According to Bloomberg, SK hynix said on July 10 that the South Korea-based memory chipmaker may sell more US-listed shares if returns improve and its stock price remains stable. The company plans to increase its US investment, according to SK Group Chairman Chey Tae-won. SK hynix raised $26.5 billion in its Nasdaq debut, the largest first-time US share sale by a foreign company. Proceeds will fund capacity expansion and purchases of extreme ultraviolet lithography tools. In the US, the company is planning to invest nearly $4 billion in an advanced packaging and research-and-development facility for AI memory in Indiana, with mass production of next-generation high-bandwidth memory expected to begin in the second half of 2028.

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