SK Hynix Inc. began trading on the Nasdaq on Friday under the new ticker symbol SKHY, marking the debut of the South Korean memory chipmaker on the US tech-heavy exchange.
The listing represents a significant milestone for the company, which has been a dominant force in the global memory market and a key supplier to the artificial intelligence boom.
The move opens a powerful new fundraising channel for SK Hynix, allowing it to tap into deep US capital markets more directly.
By listing American depositary receipts, the company broadens its investor base to include global funds that may have previously faced barriers to investing in Korean-listed equities.
This structural shift is expected to enhance liquidity and potentially reduce the valuation discount often associated with emerging-market tech stocks.
The listing follows a filing to raise capital, underscoring the company's aggressive expansion strategy.