SK Hynix enters the US stock market! Confirmed to land on NASDAQ on 7/10—how can people in Taiwan buy?

South Korean memory giant SK Hynix announced that it will list ADRs on the Nasdaq in the United States on July 10, with plans to raise up to 45.45 trillion won. The funds will be fully deployed for semiconductor capacity expansion and advanced packaging to firmly consolidate its AI manufacturing advantages.

According to the latest reports from South Korean media, South Korean memory giant SK Hynix announced that it will officially list on the Nasdaq exchange in the United States on July 10 through the issuance of American Depositary Receipts (ADRs). This move will significantly enhance the trading convenience for global institutional investors and retail investors, and the market expects that this will attract a massive influx of international capital.

SK Hynix issues ADRs in the U.S., raising up to 45.45 trillion won

Image source: SK Hynix

According to the latest announcement from SK Hynix on June 24, the company's board of directors has officially approved the ADR issuance plan, with a total amount of up to 45.4535 trillion won. This fundraising will be based on the issuance of new shares, thereby issuing American Depositary Receipts, which are planned to be allocated to overseas institutional investors and other parties. This is expected to open the door to international capital markets for SK Hynix.

Targeting AI semiconductor opportunities, funds deployed for advanced packaging and capacity expansion

Regarding the substantial funds raised this time, SK Hynix plans to invest all of them in expanding semiconductor production capacity. The specific investment blueprint includes: investing in the construction of the first phase of the Yongin Semiconductor Cluster fab, building the Cheongju P&T7 advanced packaging plant and its ancillary facilities, and purchasing high-end process equipment such as extreme ultraviolet (EUV) lithography machines. Industry insiders interpret that, amid the explosive demand for AI semiconductors, SK Hynix is preparing ample ammunition through large-scale fundraising to firmly secure its leading edge in memory manufacturing and advanced packaging.

Taiwanese investors can place orders through U.S. stock trading brokers or sub-brokerage

SK Hynix will be listed on the Nasdaq on July 10. Taiwanese investors can open U.S. stock accounts through brokers that offer U.S. stock trading services (such as domestic brokers via sub-brokerage or overseas brokers like Firstrade) and then place orders just like trading regular U.S. stocks. The actual trading hours, trading symbols, and related fees can be confirmed with the broker after the listing.

• This article is reproduced with permission from: "Chain News"
• Original title: "SK Hynix Confirms Nasdaq Listing on July 10! How Can Taiwanese Buy It?"
• Original author: Co2