A U.S. stock market listing as early as August is in the works for SK Hynix, with the South Korean memory chipmaker aiming to attract a wider pool of investors and capitalize on surging interest in AI-related equities.
Regulatory clearance from the SEC for the listing application could arrive during the week of June 22, Reuters reported, citing people familiar with the matter who asked not to be identified. “SK Hynix plans to issue ADRs within 2026, but the details, including the size and timing, have not yet been decided,” the company said in a statement
SK Hynix filed confidentially for a U.S. listing in March. At the time, a source told Reuters the offering could raise as much as $14 billion. The world’s second-largest memory chipmaker is a dominant supplier of high-bandwidth memory chips used in AI servers, with its position as Nvidia’s largest memory partner placing it at the center of the global AI infrastructure buildout.
SK Hynix stock has climbed 240% this year. In late May, SK Hynix reached a market capitalization of $1 trillion for the first time, closing 9.3% higher on the Korea Exchange as demand for high-bandwidth memory chips increased. During that session, its market value peaked at about $1.12 trillion.