South Korean memory chipmaker SK Hynix is targeting a US listing as early as August as it seeks to capitalise on strong investor appetite for artificial intelligence-linked stocks and broaden its shareholder base.
According to Reuters, the company is awaiting approval from the US Securities and Exchange Commission (SEC) for its American depositary receipt (ADR) listing application, with approval potentially coming during the week of June 22, according to sources familiar with the matter.
SK Hynix confirmed that it plans to issue ADRs within 2026, although the timing and size of the offering have yet to be finalised.
The company, a major supplier to Nvidia and the world’s second-largest memory chipmaker, has emerged as one of the biggest beneficiaries of the global AI boom due to its dominant position in high-bandwidth memory chips used in AI servers.
In March, SK Hynix disclosed that it had confidentially filed for a US listing. Reuters previously reported that the offering could raise as much as US$14 billion.
The company’s share price has surged about 240% this year, pushing its market capitalisation above US$1 trillion in May. The milestone made SK Hynix only the third Asian company after TSMC and Samsung Electronics to surpass the US$1 trillion valuation mark.
The potential listing comes amid a growing pipeline of high-profile AI-related public offerings, including expected market debuts from companies such as OpenAI, Anthropic and SpaceX.
Reuters reported that the company had received overwhelmingly positive feedback from investors, driven by continued AI demand and its strong competitive position in the memory semiconductor market.
