SK Hynix Raises $26.5 Billion via ADR on July 10, Funding Domestic Chip Expansion

According to Kangwon Ilbo, SK Hynix completed a $26.5 billion fundraising through American Depositary Receipt (ADR) issuance on July 10, with funds set to arrive on July 14. The South Korean chipmaker plans to allocate the proceeds to domestic semiconductor investments, including the Yongin chip cluster, Cheongju P&T7 advanced packaging facility, and extreme ultraviolet (EUV) lithography equipment.

Market analysts expect that converting the dollar proceeds into Korean won for domestic investments will provide significant dollar supply to foreign exchange markets, potentially supporting the won against recent weakness. The $26.5 billion outflow matches the Bank of Korea's reported average daily trading volume of $33.28 billion in the won-dollar spot market during Q1 2026.