Insiders say that South Korean company SK Hynix plans to go public in the United States and will choose NASDAQ.

According to two informed sources, South Korean memory chip manufacturer SK Hynix is planning to choose Nasdaq for its proposed US listing, selecting this tech-dominated exchange in order to capitalize on investors' enthusiasm for AI-related stocks. The listing, scheduled to take place as early as August, comes as SK Hynix's stock price has jumped by 230% this year, pushing its market value past $1 trillion in May. The US listing is expected to broaden the company's investor base and enhance its visibility among global investors. The sources reveal that the company ultimately chose Nasdaq over the New York Stock Exchange. As this information has not been made public yet, these sources have requested anonymity.