Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom

Core Viewpoint - SK Hynix is considering a U.S. listing to enhance corporate value amid soaring demand for AI hardware, with shares having surged nearly 230% this year [1][2]. Group 1: U.S. Listing Consideration - The company is reviewing various measures to enhance corporate value, including a potential U.S. stock market listing utilizing treasury shares, although no final decision has been made [2]. - SK Hynix has received proposals to list about 2.4% of its shares as American depositary receipts (ADRs) backed by treasury stock [3][4]. - A U.S. listing could help narrow valuation gaps between SK Hynix and U.S.-listed rivals like Micron Technology and Samsung Electronics [5]. Group 2: Financial Performance and Market Response - Following the announcement, SK Hynix shares rose 4% on Wednesday but later traded over 2% lower [5]. - The company has solidified its position in high-bandwidth memory chips, which are essential for Nvidia's AI processors [5]. Group 3: Capital Investment and Industry Support - SK Hynix is investing nearly $4 billion in an advanced packaging fab in Indiana to expand supply capacity and align with U.S. efforts to boost domestic chip production [6]. - The South Korean government is considering a 4.5 trillion won ($3.06 billion) foundry to support local chipmakers amid rising AI chip demand [7].