SK Hynix disclosed in regulatory filings to South Korea’s Financial Supervisory Service and the Korea Exchange on June 24 that its board has approved the issuance of new shares worth 45,453,450,000,000 won (approximately $29.4 billion) to support a listing of American Depositary Receipts on the Nasdaq Global Select Market. The filings represent the company’s formal confirmation of a listing plan that market rumors had pointed to since at least December 2025, when SK Hynix first received and responded to regulatory inquiries about the speculation.

Asia’s AI infrastructure buildout is turning electricity into a new supply chain constraint. As demand for data storage, compute power, high-performance memory, servers, and advanced semiconductor manufacturing accelerates, governments and technology companies are under pressure to secure not only more power, but cleaner and more reliable power.

Qualcomm’s reported talks to provide custom chip-design services to TikTok owner ByteDance show how China’s AI chip supply chain is moving beyond a simple Nvidia replacement story.