South Korean chip manufacturer SK Hynix has announced its intention to issue American Depositary Receipts (ADR) by submitting confidential filing materials to the U.S. Securities and Exchange Commission (SEC). According to RTHK, the company has also filed documents with South Korean regulatory authorities, indicating plans to complete the listing within this year. However, details regarding the issuance size, structure, and timeline have yet to be finalized.
Previous reports from South Korean media suggested that SK Hynix is considering raising between 10 trillion to 15 trillion Korean won, approximately $6.7 billion to $10 billion, through the U.S. listing. The company aims to expand its production capacity for advanced memory chips as part of its growth strategy.