Hynix Isn't Selling Shares to Cash Out. It's Funding a $26.5 Billion Factory Bet.

SK Hynix raised $26.5 billion through its first U.S. ADR offering to fund expansion of manufacturing capacity for memory chips, particularly high-bandwidth memory (HBM) used in AI data centers. The company plans to build new foundries and packaging plants while purchasing advanced lithography equipment. With HBM market projected to grow 25% annually through 2035 and SK Hynix controlling over half the market share, analysts rate the stock as a strong buy with price targets 60% above current levels.