SK hynix Inc. (KRX:000660) is pursuing a Nasdaq ADS listing and $28–29B share offering to fuel HBM and AI chip capacity — financing fabs, US gas supply and packaging — as demand, record semiconductor exports and related ETFs spur market moves amid an ongoing US class action.

Previous Week Recap

• SK hynix U.S. ADS Offering: SK hynix (000660) launched a U.S. ADS offering and seeks Nasdaq Global Select listing as SKHY, proposing $28–29B of shares (including 177.9M ADSs). Proceeds target HBM and AI chip capacity. 1 2 3
• Cheongju Expansion: NAND And Packaging: SK hynix (000660) plans 100T won in Cheongju: 80T for M17 NAND fab (start construction next year, completion by 2029) and 20T for packaging plant (target late 2027). 4 5
• Direxion 2X ETF For SKHY: Direxion filed to launch Direxion Daily SK Hynix Bull 2X ETF (SKHL) to target 200% of SK hynix Inc. Sponsored GDR (000660) daily returns once the ADR lists on Nasdaq. 6
• US Class-Action On GDR: US class-action (filed June 25) names SK hynix Inc. Sponsored GDR (000660), alleging DRAM output limits and shift to HBM; seeks class certification, injunction and treble damages. 7
• June Exports Surge; AI Chip Demand: South Korea’s June exports jumped 79% YoY; semiconductor shipments hit a record $44.82B, driven by AI chip demand. Traders: strong demand cited for SK hynix Inc. Sponsored GDR (000660). 8
• Ultra-Pure Gases From Air Liquide: SK hynix (000660) to receive ultra‑pure gases via two US gas plants funded by Air Liquide’s $170M+ investment; plants in Indiana due online by end‑2028 to support SK hynix’s AI memory production 9
• SK hynix Rebounds On AI Nerves: SK hynix (000660) rebounded after a sell-off tied to Meta's AI-capacity news; analysts say the AI infrastructure market stays tight and the price swing reflected sentiment, not chip demand changes. 10