SK Hynix targets August U.S. listing amid AI boom

While SK Hynix has not finalized the size or timing of the offering, one source previously said it could raise up to $14 billion.

South Korea’s SK Hynix is preparing for a landmark U.S. listing as soon as August, according to sources familiar with the matter, aiming to tap into surging investor demand for AI‑linked stocks.

The world’s second‑largest memory chipmaker, a key supplier to Nvidia, confidentially filed for a U.S. listing in March. The Securities and Exchange Commission is expected to approve its American depositary receipt application during the week of June 22, paving the way for a debut later this summer.

While SK Hynix has not finalized the size or timing of the offering, one source previously said it could raise up to $14 billion. The company’s market value has soared past $1 trillion since May, making it only the third Asian firm after Taiwan’s TSMC and Samsung Electronics to reach that milestone. Its share price has jumped 240 percent this year, driven by dominance in high‑bandwidth memory chips used in AI servers.

An August debut would add another marquee name to a crowded pipeline of AI‑related IPOs, including OpenAI, Anthropic, and SpaceX. Analysts say SK Hynix’s strong position in the memory market and its role in powering AI infrastructure have generated “tremendously positive” feedback from investors.