SK Hynix Targets Nasdaq U.S. Listing After 230% Surge, Seals Nvidia AI Memory Deal
NVDA•SK Hynix plans a US listing on Nasdaq as soon as August following a 230% share-price surge this year and aims to broaden its global investor base. The memory-chip maker, Nvidia’s key high-bandwidth memory supplier, also signed a multi-year technology partnership to advance AI data-center memory.
1. Planned Nasdaq Listing
SK Hynix has chosen Nasdaq over the New York Stock Exchange for its planned U.S. listing, expected as soon as August. The move aims to raise the company’s profile among global investors and tap into deeper liquidity within the technology-focused exchange.
2. 230% Share-Price Surge
Shares of SK Hynix have climbed 230% year to date, driven by robust demand for high-bandwidth memory chips used in AI servers. Strong market reception has fueled “tremendously positive” feedback on the proposed U.S. listing.
3. Multi-Year Nvidia Partnership
SK Hynix and Nvidia signed a multi-year technology partnership this week in South Korea to develop next-generation memory solutions for AI data centers. The deal cements SK Hynix’s role as a critical supplier to Nvidia’s expanding AI infrastructure.
