Semiconductor giant SK Hynix has formally filed for a Nasdaq IPO under the ticker "SKHY", aiming to raise $29.4 billion. If successful, it would set a record for the largest ADR offering in history, with trading expected to commence on July 10.

As a core supplier of AI computing infrastructure, SK Hynix holds a 57% global market share in HBM (High Bandwidth Memory). This U.S. listing not only aims to break the valuation discount but will also channel the massive funds directly into expanding advanced production capacity, including the Yongin semiconductor cluster and EUV lithography machines.

The memory chip race in the AI era is ushering in a historic window of opportunity in the capital markets.

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