SK Hynix Enters NASDAQ, Raises 40 Trillion Won to Expand Domestic AI Semiconductor Production Base

*This content was translated by AI.

SK Hynix has confirmed its listing on the NASDAQ Global Select Market and plans to raise approximately 40 trillion won to expand its domestic artificial intelligence (AI) semiconductor production base.

On the 10th, SK Hynix disclosed that it finalized the conditions for issuing American Depositary Receipts (ADRs) for its NASDAQ listing.

According to the disclosure, SK Hynix will issue ADRs through a new share issuance method. The total offering size is $26.571 billion (approximately 40.23 trillion won), based on 2.249751 million ordinary shares as underlying assets.

The ADR offering price was set at $149 per 1DR, where 1DR corresponds to 0.1 ordinary share. The scheduled listing date is the 10th, with housing subscription and payment taking place on the 14th. The new share DR issuance price based on exchange rates is 2,249,751 won, about 3% higher than the previous day's KOSPI closing price of 2,186,000 won. The scheduled listing date for the new DR is the 29th.

The lead underwriters are Bank of America Securities, Citigroup Global Markets, Goldman Sachs (Asia), and JPMorgan Securities.

SK Hynix plans to allocate all funds raised from this offering toward semiconductor production facilities and equipment acquisition. The company intends to strengthen its leadership in the AI semiconductor market through aggressive investment.

First, the funds will be used for construction costs of Phase 1 of the Yongin Semiconductor Cluster Fab (Fab). SK Hynix is currently building a semiconductor cluster covering an area of 4.16 million square meters in Wonsan-myeon, Cheoin-gu, Yongin-si, Gyeonggi Province.

Additionally, the funds will be used for construction and ancillary equipment costs of the Cheongju P&T7 AdvancE packaging Fab. They will also be utilized to acquire advanced machinery such as extreme ultraviolet (EUV) scanners. Approximately 19 trillion won is expected to be allocated for the Cheongju packaging Fab construction. The investment cost figures are preliminary estimates.

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*This content was translated by AI.