SK Hynix plans US ADR offering as AI memory demand surges

TechCrunch reports that SK Hynix plans to sell nearly 17.8 million shares through U.S. American depositary receipts, potentially raising about $28 billion based on its Seoul closing price. The company is benefiting from AI-driven demand for high-bandwidth memory, DRAM, and NAND as hyperscalers build AI factories. The item is a backlog correction from the TechCrunch AI page because it ties public-market access directly to the AI memory boom.

Key details: SK Hynix plans to sell nearly 17.8 million shares as U.S. ADRs, TechCrunch says the offering could raise about $28 billion based on the prior Seoul close, The company cited first-quarter revenue up nearly 200% year over year, AI data-center demand is straining memory supply.

Why it matters: AI demand is turning memory suppliers into major public-market infrastructure bets, broadening the AI trade beyond Nvidia.