South Korean memory‑chip maker SK Hynix plans to raise more than $29.65 billion by listing on the Nasdaq, aiming to tap foreign investors for its AI‑driven expansion. The filing to the Korea Exchange shows the company will issue American depositary receipts, with trading set for July 10.

The $29.65 billion sale would rank among the largest share offerings ever, matching Saudi Aramco’s 2019 IPO and eclipsing Alibaba’s 2014 U.S. ADR deal. SK Hynix has surged as AI workloads push demand for advanced memory chips, driving investors keen on capitalizing on the tech boom.

Investors eye the deal for its potential to stretch capital across a company positioned at the heart of the AI supply chain. A successful listing could boost SK Hynix’s global footprint and fuel further chip production, while the capital raised may accelerate its expansion into next‑generation memory technologies. The influx could also support R&D into 3D NAND and AI‑optimized memory.

With AI projects scaling worldwide, SK Hynix’s move signals confidence in sustained chip demand. The IPO’s magnitude may also pressure competitors to seek similar financing, reshaping the memory‑chip market’s capital structure.