SK Hynix raises $26.5 billion in NASDAQ debut, opening U.S. market access for Korean chip giant

SK Hynix, a South Korean memory chipmaker, raised $26.5 billion through its American Depositary Receipt listing on NASDAQ, with closing expected July 14, 2026. The ADS structure lets U.S. investors hold Korean equity without touching local settlement systems—opening paths to index inclusion and options trading unavailable via the Korea Exchange alone. For a two-decade Korea-based name, the shift signals Asian semiconductor companies now seek direct American investor bases rather than relying solely on offshore instruments.