South Korea's semiconductor powerhouse, SK Hynix, is weighing the option of listing its shares on the New York Stock Exchange (NYSE) in the United States. This strategic move aims to bridge the valuation gap between SK Hynix and its American counterparts, such as Micron Technology. On Wednesday (local time), SK Hynix disclosed in a regulatory filing that it is exploring a range of strategies to boost its corporate worth, including leveraging treasury shares for a U.S. stock market listing. However, it emphasized that no definitive decision has been reached yet.

Previously, multiple investment banks had advised SK Hynix to list roughly 2.4% of its outstanding shares (equivalent to approximately 17.4 million shares) through American Depositary Receipts (ADRs). Experts from the independent research platform Smartkarma opined that such a maneuver could draw in capital from passive funds, exchange-traded funds (ETFs), and long-only funds that exclusively invest in stocks listed on U.S. exchanges. Presently, SK Hynix holds the position of the world's foremost supplier of high-bandwidth memory (HBM) chips. Capitalizing on the burgeoning demand for AI servers, its stock price has witnessed a remarkable surge of around 225% on the Seoul stock market this year.