AI is triggering a wave of Asian storage giants going public in the United States: it is rumored that SK Hynix will apply to the South Korean regulators for the issuance of American Depositary Receipts (ADRs), raising funds of up to $26 billion.

According to the China Securities App, it is reported that SK Hynix is expected to submit a declaration to the South Korean financial regulatory authorities regarding the issuance of American Depositary Receipts (ADRs). Based on the market value of SK Hynix, industry insiders estimate that this issuance may raise as much as 40 trillion Korean won (approximately 260 billion US dollars), which would be comparable to the fundraising scale of Alibaba when it went public in the United States in 2014, setting a record for the largest IPO in the world at that time.