On January 26, 2024, the SK Hynix flag (R) and the Korean national flag (L) fly outside the Bundang office in Seongnam City.
Jung Young Jae | AFP | Getty Images
SK Hynix announced Wednesday that it has filed a confidential filing with the U.S. Securities and Exchange Commission regarding a possible Wall Street listing this year.
The South Korean memory giant first revealed its interest in a U.S. listing in December, seeking fresh funds to expand production as demand for memory soars due to the artificial intelligence boom.
SK Hynix said in a regulatory filing that it aims to proceed with listing its American Depositary Shares within 2026, but details such as the size, method and schedule of the offering have not yet been finalized.
ADRs are tradable certificates issued by U.S. banks that represent the stock of foreign companies. ADRs tend to trade with less liquidity than full U.S. listings, which may deter some investors, but ADRs use existing shares rather than new shares and preserve value for existing shareholders.
“The final listing decision will be made after comprehensive consideration of the SEC’s review of the application, market conditions, demand forecasts, and other relevant factors,” the filing states, according to Google Translate.
The company said it would disclose again once specific details are finalized or within six months.
Local media reported that the company is considering raising 10 trillion to 15 trillion won, or approximately $6.7 billion to $10 billion at current exchange rates.
SK Hynix is one of the world’s leading suppliers of high-bandwidth memory (HBM) chips used in AI processors. Demand for such memory chips has accelerated rapidly, causing a global memory shortage and resulting price hikes.
Faced with this shortage, SK Hynix and its competitors micron and samsung We are in a hurry to expand our production capacity.
The company’s annual general meeting was also held on Wednesday, where CEO Kwak No-jung reportedly said that SK Hynix plans to secure more than 100 trillion won in net cash for long-term strategic investments.
The company’s new M15X factory in Cheongju, South Korea, was completed ahead of schedule, and construction of the $15 billion Yongin semiconductor cluster and advanced packaging facility in Indiana, U.S., is on track, according to a letter to shareholders.
The letter cited “unprecedented growth” in the memory market, adding that “memory is no longer just a component, but a product with significant value that determines the performance of AI systems.”
On Tuesday, SK Hynix announced plans to purchase advanced chip manufacturing equipment worth 11.95 trillion won ($7.97 billion) from South Korea. ASML This is one of the largest single disclosed orders for such a tool.
SK Hynix’s stock price rose more than 5% in the Seoul market on Wednesday. The stock is up 274% in 2025 and about 60% year-to-date.
