ICHEON, South Korea, July 11, 2026 — SK hynix has priced the initial public offering of 177.9 million American depositary shares (ADSs) at $149 per ADS, marking a significant milestone for one of the world’s largest memory semiconductor manufacturers. The transaction gives U.S. investors direct access to a leading producer of DRAM and NAND flash memory while expanding the company's participation in international capital markets. Trading is scheduled to begin on the Nasdaq Global Select Market on July 10, 2026, under the temporary ticker SKHYV on a when-issued basis. Regular-way trading under the ticker SKHY is expected to begin on July 13, 2026, with the offering expected to close on July 14, subject to customary closing requirements. Each ADS represents one-tenth of one common share, allowing investors to gain exposure without purchasing ordinary shares listed in South Korea.

The listing coincides with strong demand for high-performance memory chips across artificial intelligence infrastructure, cloud computing, enterprise servers, personal computers, smartphones, automotive electronics, and hyperscale data centers. Memory semiconductors have become indispensable for AI computing, where processors require high-capacity, high-bandwidth memory to handle enormous volumes of data. The Nasdaq debut also comes as international semiconductor companies seek greater participation in U.S. capital markets, giving institutional investors another opportunity to invest in businesses serving one of the fastest-growing segments of the global technology industry.

Global Financial Institutions Support Transaction

Several of Wall Street's leading investment banks are participating in the transaction. BofA Securities, Citigroup, Goldman Sachs, and J.P. Morgan are serving as active book-running managers, while Cantor, Mizuho, Needham & Company, RBC Capital Markets, Rosenblatt, Stifel, Wedbush Securities, William Blair, and Wolfe | Nomura Alliance are acting as co-managers. Participation from such an extensive underwriting syndicate demonstrates the scale of the offering and the level of institutional interest generally associated with major technology listings. Large underwriting groups also provide extensive distribution among institutional investors across North America, Europe, and Asia.

The registration statement for the offering became effective on July 9, 2026, following review by the U.S. Securities and Exchange Commission. Securities are being offered only through the official prospectus filed with the SEC, in accordance with U.S. securities regulations. Company representatives also stated that the announcement does not constitute an offer to sell securities in jurisdictions where registration or qualification requirements have not been satisfied. Similar restrictions apply throughout member states of the European Economic Area and the United Kingdom, where participation is limited to qualified or otherwise eligible investors under applicable securities regulations governing international public offerings.

Memory Technology Remains Essential for AI Computing

SK hynix ranks among the world's largest manufacturers of memory semiconductors, producing DRAM and NAND flash products used across virtually every category of electronic equipment. DRAM functions as high-speed working memory that enables processors to access data rapidly, while NAND flash memory provides long-term storage for smartphones, laptops, enterprise storage systems, consumer electronics, solid-state drives, and numerous industrial applications. The company develops multiple DRAM and NAND configurations with varying architectures, capacities, and performance characteristics designed for customer requirements across consumer electronics, enterprise computing, automotive systems, industrial equipment, and hyperscale cloud infrastructure.

Growing adoption of artificial intelligence has generated substantial demand for memory products capable of supporting larger datasets, faster processing speeds, and higher bandwidth. AI accelerators, graphics processing units, enterprise servers, and cloud computing platforms depend on sophisticated memory architectures to deliver high-performance computing capabilities. Memory semiconductor manufacturing also remains one of the industry’s most capital-intensive businesses, requiring multibillion-dollar fabrication facilities and sustained investment in research, process technology, and manufacturing efficiency. These industry dynamics have attracted sustained attention from institutional investors seeking exposure to businesses supplying foundational technologies for AI infrastructure.

Offering Expands International Investor Access

Large public offerings provide more than a stock market listing. Access to the U.S. equity market gives companies exposure to one of the world's deepest pools of institutional capital while attracting investment from pension funds, mutual funds, exchange-traded funds, and other professional asset managers that actively invest through major U.S. exchanges. The ADS structure also allows investors to purchase securities in U.S. dollars through domestic brokerage accounts instead of trading foreign-listed shares directly, making ownership more accessible for a wider range of market participants.

Forward-looking statements accompanying the announcement discuss expectations regarding completion of the offering and anticipated benefits associated with the transaction while noting that future financial results remain subject to risks described in SEC registration documents. Such disclosures are standard for public offerings and remind investors that future business performance may differ from current expectations because of factors outlined in regulatory filings. With trading scheduled to begin on Nasdaq, SK hynix joins a growing number of international semiconductor companies using U.S. capital markets to attract additional institutional investors while strengthening participation in the global technology investment community.