SK Hynix Secures Record $7B in Cornerstone Investments for ADR Offering

According to Seoul Economy, SK Hynix secured record cornerstone investments totaling $7 billion on July 7 for its U.S. stock offering, accounting for 25% of the planned $28.13 billion ADR issuance. The three cornerstone investors—Baillie Gifford, Coatue Management, and AI-focused Situational Awareness LP—represent the largest institutional commitment in global capital markets history.

Situational Awareness LP, founded in 2024 by Leopold Aschenbrenner, a former OpenAI Superalignment researcher, manages approximately $20 billion in assets and specializes in AI infrastructure supply chain investments. The fund's participation underscores confidence in SK Hynix's high-bandwidth memory (HBM) leadership amid sustained AI infrastructure demand. Final ADR pricing is scheduled for July 9.