South Korean memory chip giant SK Hynix is taking its artificial intelligence success story directly to Wall Street, launching a massive $28.07 billion American depositary receipt (ADR) offering on the Nasdaq in one of the largest equity sales ever by a technology company.
According to a new SEC filing, the company plans to raise 43 trillion won, or about $28.07 billion, by issuing 17.79 million new shares through ADRs, giving U.S. investors easier access to one of the world's biggest beneficiaries of the AI infrastructure boom.
