Reuters: SK Hynix May List on Nasdaq as Early as August

(CNA Seoul, 12th, Comprehensive Foreign Dispatch) According to two sources familiar with the matter, South Korean memory chip giant SK Hynix is leaning towards listing on the US Nasdaq stock exchange. The company hopes to leverage the exchange's status as a tech stock benchmark to attract investors bullish on artificial intelligence (AI) concept stocks.

According to a Reuters report, SK Hynix could list in the US as early as August. Since the beginning of this year, the company's stock price has soared by 230%, and its market capitalization surpassed the $1 trillion mark in May. The US listing is expected to broaden the company's investor base and enhance its visibility in the international capital markets.

The unnamed sources noted that SK Hynix will choose the Nasdaq stock exchange over the New York Stock Exchange (NYSE). SK Hynix declined to comment on the matter, while Nasdaq did not immediately respond to a request for comment outside of business hours.

Nasdaq is home to many of the world's large tech companies and chipmakers, including Nvidia, Microsoft, Amazon, Alphabet, and SK Hynix's rival, Micron.

Memory chip companies' stocks have significantly outperformed the broader market this year. Micron's shares have risen by about 248%, while the Nasdaq Composite Index has gained approximately 11% year-to-date. (Translated by: Chen Zheng-jian)