Reuters: SK Hynix tells investors its U.S. listing plan has won strong backing, source says
- According to a source familiar with the matter, SK Hynix told investors this week that its plan to list in the U.S. has received a “tremendously positive” response.
- The company has confidentially filed for a U.S. listing this year, and some sources have said the offering could raise as much as $14 billion.
- The company also said it is currently in price negotiations with customers for next-generation HBM, and expects the favorable pricing environment to continue into next year.
- It added that demand for LPDDR memory used in Nvidia’s next-generation AI platform, Vera Rubin, is growing strongly.
- According to the company, strong Nvidia LPDDR demand from 2027 could make overall memory market supply-demand conditions even tighter.
- In response, SK Hynix plans to adjust its investment plans and product portfolio to maximize production volume.
- Nevertheless, the company emphasized that it remains difficult to say with certainty that it will be able to fully meet all demand.