Memory chip manufacturer SK Hynix received overwhelming investor enthusiasm for its planned U.S. stock exchange listing, according to a source with knowledge of the discussions.
During meetings with investors this week, the South Korean semiconductor company reported “tremendously positive” responses to its proposal for trading shares in the United States, the source revealed Thursday.
The chip manufacturer submitted a confidential application earlier this year to list on a U.S. exchange, with sources indicating in March the offering could generate as much as $14 billion in funding.
This fundraising effort comes after the company’s stock price skyrocketed 250% this year amid an artificial intelligence-driven market surge. The firm’s market capitalization exceeded $1 trillion last week, making it the third Asian company to reach this benchmark, joining Taiwan’s TSMC and Samsung Electronics.
According to the source, SK Hynix informed investors during recent presentations that stockholder response has been “tremendously positive” regarding the U.S. listing strategy, citing artificial intelligence demand and the company’s strong position in the memory chip sector.
As a key supplier to Nvidia, the company anticipates that a U.S. listing will expand its shareholder base, particularly since certain American institutional investors are restricted to purchasing only U.S.-traded securities due to internal policies, the source explained.
The company also informed investors that it cannot share detailed updates about the listing timeline since the U.S. Securities and Exchange Commission review process is still ongoing.
“SK Hynix plans to issue ADRs within 2026, but the details, including the size and timing, have not yet been decided,” the company stated in response to questions.
The growing demand for memory semiconductors to support AI data centers has created significant supply shortages, affecting sectors including smartphones and computers. Meanwhile, leading memory chip producers like Samsung and SK Hynix have benefited from rising semiconductor prices.
The source said SK Hynix told investors it anticipates favorable pricing conditions for its high-bandwidth memory chips to persist through next year, as negotiations with customers continue regarding future pricing for these advanced semiconductors used in AI systems.
The company also noted that robust demand for LPDDR memory – low-power chips typically used in phones and tablets – from Nvidia for the company’s upcoming Vera Rubin AI platform could create tighter supply conditions across the broader memory market starting in 2027, according to the source.
To address this challenge, SK Hynix indicated it plans to modify investments and product combinations to maximize production capacity, the source said.
However, SK Hynix also cautioned investors that it would be challenging to guarantee complete satisfaction of all demand, with anticipated demand significantly outpacing supply availability, the source reported.
