SK Hynix is betting $29 billion that the AI memory boom is nowhere near over

SK Hynix has announced plans to raise $29.4 billion via a record-breaking Nasdaq ADR listing targeting a July 10 debut, with proceeds funding new chip factories and EUV equipment tied directly to surging AI memory demand. The deal, which would eclipse Alibaba's 2014 record, reflects a company betting that high-bandwidth memory shortages are structural rather than cyclical. It also signals a deliberate move to capture the AI valuation premium that Seoul's stock market has yet to price in.