SK Hynix raises $26.5 billion on NASDAQ, signaling Asian chip makers' shift toward U.S. markets

SK Hynix, a South Korean memory chipmaker, raised $26.5 billion through a NASDAQ listing of American Depositary Receipts—tradeable shares that let U.S. investors hold Korean equity without navigating local settlement systems. The move opens doors to index inclusion and options trading unavailable on the Korea Exchange alone, reflecting a broader pivot by Asian semiconductor firms seeking direct American investor bases rather than relying solely on offshore instruments.