Korean chip giant SK hynix could list in US as soon as August: Report
Seoul, June 10
,: Korean chip giant SK hynix is eyeing a US listing of its shares by August, according to a Reuters report.
The memory chip maker could receive approval from the US Securities and Exchange Commission (SEC) for its American Depository Receipt (ADR) listing application during the week of June 22, the report said, citing two sources who didn't want to be named.
The company had confidentially filed for a US listing in March. The company said it plans to list in 2026, riding on the AI boom as shares linked to AI and semiconductor companies soar to record highs.
SK hynix is a dominant player in the critical high-bandwidth memory chips market that is used in AI servers to train large language models (LLMs) along with GPUs and TPUs. It boasts a marquee clientele including Nvidia, the world's largest chip designer.
The company shares have been on a tear with a sharp 240 per cent rise this year on the back of the AI boom and demand for high-end memory chips. The company recently entered the trillion-dollar valuation club along with Samsung and American chip company Micron.
Investors are getting ready for a raft of public market debuts of AI companies, including SpaceX, Anthropic and OpenAI. Elon Musk-owned SpaceX is preparing for its shares to be listed this week, while Anthropic and OpenAI have confidentially filed for an IPO.
Anthropic, in the latest funding round, was valued at USD 965 billion, indicating how huge the appetite is among investors for AI companies. The recent boom in AI shares has brought attention to the massive compute demand that is going to rise manifold in the coming years.
Hyperscalers like Amazon's AWS and Alphabet have announced massive fundraising plans as they rapidly expand their AI capex plans. The massive AI buildout is likely to run into trillions of dollars as infrastructure and data centres take centre stage.
On his recent trip to South Korea, Nvidia CEO Jensen Huang announced a partnership with the SK Group. The chip designer will secure a supply of advanced memory chips as it ventures into robotics and personal AI supercomputers.
— ANI
Reader Comments
Interesting development. SK Hynix is already a dominant player in HBM chips thanks to Nvidia's AI boom. A US listing will give them better valuation and liquidity. But I'm a bit worried about overconcentration — too many AI companies rushing to list could lead to a bubble. Remember the dot-com era? Just my two cents as someone who follows markets closely.
As a tech enthusiast in Bengaluru, this makes me wonder about India's role in the AI chip supply chain. We have great talent in chip design but almost zero manufacturing. While SK Hynix profits from AI boom, Indian IT firms are mostly service providers. We need more homegrown deep tech startups focusing on HBM and advanced packaging. The train is leaving the station! 🚂
Good for SK Hynix but I'm concerned about the geopolitical angle. US listing means US SEC rules and potentially US government pressure on supply chain. With China-Taiwan tensions, should India be looking at partnering with South Korean chip giants for our semiconductor mission? Maybe we can attract them for joint ventures in India. Just thinking out loud...
The valuation surge is incredible — 240% in a year! But I'm skeptical about the timing. A US listing now seems like cashing in at the peak of AI hype. Memory chips are cyclical and demand could cool off if AI adoption slows. Still, SK Hynix's HBM technology is genuinely leading edge. Let's see how the SEC reviews their filing. Always good to have more chip companies going public for transparency.
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