SK Hynix plans Nasdaq listing, sources say

Reuters reported a U.S. listing could come as early as August, with SK Hynix favoring Nasdaq over the NYSE to tap investor demand for AI-related stocks.

Summary

SK Hynix plans to pursue a U.S. listing on Nasdaq rather than the New York Stock Exchange, Reuters reported on June 13, citing two sources, with a debut potentially coming as early as August. The South Korean memory-chip maker is seeking to tap strong investor demand for AI-related stocks, extending U.S. investor access to a key semiconductor supplier tied to artificial intelligence infrastructure. SK Hynix declined to comment.

Terms & Concepts
  • Nasdaq: A U.S. stock exchange that hosts many technology and growth companies.
  • listing: The process of admitting a company's shares to trade on a stock exchange.
  • memory-chip maker: A company that produces semiconductor memory used in devices and data-processing systems.