SK hynix (KRX:000660) raised about $26.5B via a U.S. ADR debut to fund fabs, packaging and AI data‑center capacity as it readies U.S. expansion and CHIPS Act-backed investment, while ADR volatility, forecasted profit pressure and new leveraged ETFs highlight market and pricing risks.

Previous Week Recap

  • Hynix Raised $26.5B ADR: SK hynix (000660) raised about $26.5B via U.S. ADR offering; proceeds to fund Yongin phase‑1 wafer fab, Cheongju P&T7 packaging plant and purchase of production gear including EUV tools.
  • Kwak: Tight Memory Supply 2027: SK hynix (000660): CEO Kwak said 2027 may be the tightest memory supply year as demand rises and capacity lags; customers seek long-term contracts and post-2030 demand could outstrip supply.
  • ADR Debut Triggers Seoul Gap: SK hynix (000660): Seoul shares tumbled ~15% after ADR debut; ADR traded near $122.70 while Seoul price was ~1.85M won, creating a significant price gap — heavy volatility and leverage noted
  • Q2 Profit View Subconsensus: KIS forecasts SK hynix (000660) Q2 operating profit at 60.4 trillion won, about 8% below consensus, citing heavy reliance on long‑term fixed‑price HBM contracts limiting near‑term pricing power.
  • Plans U.S. Listing, Capacity: SK hynix (000660) plans a U.S. listing to widen its shareholder base and raise funds to expand capacity, including a U.S. packaging facility partly funded via the CHIPS Act.
  • AI Data-Center Capacity Expansion: SK hynix (000660) plans to add AI data-center capacity targeting 5 GW outside Korea, is the top HBM maker, explores memory-as-a-service and is open to more U.S. investments.
  • ADRs May Trade Premium: SK hynix ADRs may trade at a premium, offering U.S. and global investors easier access to the memory-chip maker and a cheaper route to sector exposure versus Micron.
  • Two SK hynix ETFs Launched: Two ETFs tied to SK hynix (000660) ADR launched: SKHX seeks +200% daily, SKHZ seeks -100% daily. Both use swaps/derivatives, charge 0.75% fee; options to trade soon.
  • Corgi 2x Daily ETF Launch: Corgi plans July 13, 2026 launch of Corgi SK 2x Daily ETF (SK) on Cboe BZX. Fund aims for 2x daily performance of SK hynix (000660) ADR, 0.50% expense ratio.
  • Nasdaq Pre-Issuance Trading Start: SK hynix (000660) begins pre-issuance trading on Nasdaq Global Select as SKHYV July 10; regular trading as SKHY starts July 13. Pre-issuance trades settle July 14.

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.