SK Hynix, a major South Korean chipmaker, is raising roughly $28 billion by selling shares to American investors. The shares start trading on the Nasdaq stock exchange on Friday, July 10, 2026.

The company announced plans for this American stock sale in March 2026, but the offering has grown bigger as time went on. When it first filed confidentially, the plan was to raise about $14 billion. Now the target is roughly double that. The shift reflects the rapidly growing demand for the memory chips that power AI systems.

Memory chips store information that AI systems need to access instantly — think of them as the working desk where an AI system keeps the tools it needs right now. SK Hynix makes a specialized type called high-bandwidth memory, or HBM. These chips are critical to the massive computing systems that companies like Google, Microsoft, and OpenAI use to run their AI models. Demand for these memory chips has been rising sharply, which makes SK Hynix's stock more valuable.

Why is SK Hynix selling shares in America instead of just staying on the Korean stock exchange. Selling shares in the U.S. means American investors can own the stock directly and easily. It also gives SK Hynix access to American dollars, which the company needs to pay for the expensive factories it must build to make more memory chips.

The growing size of this offering — from $14 billion to $28 billion in just a few months — tells you something important. It shows that SK Hynix and the investment banks working on the deal believe the demand for AI memory chips will stay strong for years to come. When ADRs begin trading on July 10, the stock market will give its own opinion on whether that belief is justified.