SK Hynix aims for a $14 billion listing in the US, capitalizing on the surge in AI memory demand.

      SK Hynix is gearing up for a potential listing in the United States, which could generate up to $14 billion as early as August, according to sources acquainted with the plan. The South Korean memory manufacturer has submitted a confidential filing for American depositary receipts, and the US Securities and Exchange Commission is anticipated to review it in the next few weeks.

      This week, the company informed investors that the proposal received "tremendously positive" feedback, sources revealed. A US listing would expand its investor base well beyond Seoul and connect it directly to the American demand for AI stocks.

      That demand has already had a significant impact on SK Hynix, as its shares have surged approximately 250 percent in 2026, with its market value exceeding $1 trillion last week, making it Asia’s third trillion-dollar enterprise following TSMC and Samsung.

      Reasons for a US listing at this time include SK Hynix's status as the leading supplier of high-bandwidth memory, essential for AI accelerators. The company recently signed a multi-year agreement with Nvidia to jointly develop memory for upcoming chips and possesses the majority of the early HBM4 supply.

      Demand has been robust enough to influence the broader market, prompting the three major memory manufacturers to reallocate most of their production toward AI server memory, which has raised DRAM prices for phones and PCs. A US listing would provide fresh capital to facilitate the capacity expansion required by this booming demand.

      However, the plan remains tentative. The specifics regarding size, timing, and the listing itself are still subject to change, and due to the confidential nature of the filing, the company has not publicly disclosed details. Estimates for the fundraising range from around $10 billion to $14 billion, with the SEC's review expected soon.

      Nonetheless, the trajectory is evident; SK Hynix is poised to join a surge of companies aiming for US listings to capitalize on AI demand, alongside a lineup that includes SpaceX's record IPO and numerous chip and AI firms. The lingering question is whether the memory cycle remains strong enough to yield returns for investors purchasing after a 250-percent increase.