South Korean Chipmaker SK Hynix is considering listing in the United States to boost its valuation, as it aims to increase its factory capacity.
SK Hynix’s U.S. listing would be on the New York Stock Exchange, the Korea Economic Daily reported. It would list around 2.4% of its foreign shares as American depositary receipts.
“Our company is considering various measures to enhance corporate value, including a U.S. stock market listing using treasury stock, but nothing has been finalised at this time,” SK Hynix wrote in a regulatory filing.
SK Hynix will provide further disclosures once it finalises a decision or within one month, it said.
The company is nearing completion of its M15X fabrication plant in South Korea’s North Chungcheong Province, with production to start in 2026. It has been building a semiconductor cluster in Gyeonggi Province, and has estimated it will need KR₩600 trillion (A$610.73 billion) to fund these four factories.
South Korea is also considering building a ₩4.5 trillion chip foundry to strengthen domestic manufacturers like SK Hynix and Samsung Electronics, which would be jointly financed by public and private investment.
SK Hynix was labelled as an investment warning stock by the Korea Exchange on Thursday after reports of a potential U.S. listing, with its share price closing 3.8% lower that day. This follows two investment caution designations earlier in the year.
Investment warning designations prevent buying the stock on margin, and SK Hynix shares will not be included in pre-market or after-hours trading.
These warnings can be given to stocks that have risen by more than 200% in one year, and have had their top 10 purchasing accounts passing buying activity thresholds in at least four of the past 15 trading days. SK Hynix shares are up 236% across 2025 to date.
SK Hynix’s (KRX: 000660) share price was ₩576,000 as of 12:20 pm AEDT, up from its previous close at ₩565,000. Its market capitalisation is ₩419.33 trillion (US$284.78 billion).
Related content
