SK Hynix Considers U.S. Listing Amid Surging Demand for AI Memory Chips
SK Hynix is exploring a potential New York listing to narrow the valuation gap with U.S. competitors like Micron and TSMC. The MOVE follows a significant share price rally fueled by booming demand for high-bandwidth memory chips and South Korea's corporate governance reforms.
The company may issue American Depositary Receipts (ADRs) to attract capital from U.S.-focused passive funds and ETFs. Analysts suggest this could improve valuation multiples by increasing exposure to global investors.
No final decision has been made, with details expected within a month. The deliberation comes as AI-driven semiconductor demand reshapes market dynamics across the tech sector.