AI Memory Chipmaker SK Hynix Weighs US Listing to Lift Valuation
Chips on display at the SK Hynix Inc. booth during the China International Import Expo (CIIE) in Shanghai, China, on Nov. 6.
Photographer: Qilai Shen/BloombergSK Hynix Inc. is exploring a potential New York share listing, a move seen helping to close the valuation gap between the South Korean memory chipmaker and global peers including Micron Technology Inc.
The rare move by a South Korean company also aligns with President Lee Jae Myung administration’s broader push to boost corporate value. Those efforts helped drive a 72% rally in the benchmark Kospi this year, making it one of the world’s best-performing stock markets.