SK Hynix Inc. shares jumped 12% after the company announced a $29 billion plan to list in the United States. The move is expected to enhance the chipmaker's valuation through capacity expansion and broader foreign investor reach, according to Bloomberg.
Analysts view the listing as a strategic push to tap deeper capital markets and reduce dependence on Korea's exchange. This comes as the global memory chip sector faces shifting demand dynamics, with SK Hynix positioning itself for long-term growth.
The $29 billion figure positions this as one of the largest foreign listings in US history. Precise timetables and exchange venue remain undisclosed, though the company aims to leverage US investor appetite for semiconductor plays.
If successful, the listing could pressure rivals like Samsung Electronics to pursue similar moves. It also underscores South Korea's push to attract more foreign capital into its flagship tech firms through dual listings.
Some market participants caution that the listing may face regulatory hurdles in both Washington and Seoul. Others question whether SK Hynix can sustain its pricing power amid a potential semiconductor supply glut.