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International Business Times UK

Niloy Chakrabarti

Nvidia Supplier SK Hynix Eyes NYSE Listing to Accelerate AI Momentum

SK Hynix Nvidia United States Micron Micron Technology Memory

SK Hynix will finalise listing decision in about a month. (Credit: Pixabay)

Leading South Korean semiconductor firm SK Hynix saw its shares soar on the Korea Stock Exchange (KRX) on Wednesday after the company announced it is exploring the possibility of listing shares on the New York Stock Exchange (NYSE). This move aims to close the valuation gap with US rivals such as Micron Technology.

The firm stated in a regulatory filing on Wednesday that it is 'reviewing various measures to enhance corporate value, including a potential listing on the US stock market using treasury shares, but nothing has been finalised at this time.' This followed reports from a South Korean publication the previous day, which indicated that the chipmaker had received proposals from investment banks to list approximately 2.4% of its outstanding shares — around 17.4 million — as American depositary receipts (ADRs).

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