STORY: SK Hynix is looking to choose the Nasdaq for its planned U.S. listing.
That’s what two sources told Reuters.
The planned listing could come as soon as August and follows a 230% surge in the company’s share price this year.
The U.S. listing is expected to widen the company’s investor base and raise its profile among global investors.
The sources said the company chose Nasdaq over the New York Stock Exchange.
SK Hynix declined to comment.
Nasdaq wasn’t immediately available for comment outside business hours.
Nasdaq is home to many of the world’s largest tech firms and chipmakers.
It includes Nvidia, Microsoft, Alphabet and other heavyweights.
SK Hynix is the world’s second-largest memory chipmaker and a key supplier to Nvidia.
The CEOs of both companies met in South Korea earlier this week.
They said they signed a multi-year technology partnership that would advance next-generation memory for global AI data centers.
SK Hynix is a big player in the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers.
Reuters earlier reported SK Hynix received – quote – “tremendously positive” feedback on the U.S. listing plan.
The firm cited strong AI demand and its position in the memory-chip market.
