SK Hynix planned a Nasdaq ADR listing valued around $29.4 billion

South Korean memory-chip maker SK Hynix plans to list American depositary receipts on Nasdaq, with market reports valuing the offering around $29.4 billion to $29.7 billion. The company is a major supplier of high-bandwidth memory used in AI data centers, including by Nvidia-linked supply chains. Proceeds are expected to support new fabrication capacity and advanced equipment. AI chip competition is not only about design; it is also about who can turn capital into capacity fastest.