SK hynix is one of the world’s leading memory chip makers – along with Samsung Electronics – manufacturing chips essential for artificial intelligence products and the data centres that the fast-evolving industry relies on.

In a regulatory filing, SK hynix said it was “considering various measures to enhance shareholder value, including listing on the US stock market using treasury shares, but no decisions have been finalised yet”.

The company said it was considering listing its treasury shares as American Depositary Receipts, instruments representing a foreign stock that is traded on a US exchange.

“We will make a further announcement once the specific details are finalised, or within one month,” it added.

South Korea’s government has said it will triple spending on artificial intelligence next year as it hopes to propel the country into the ranks of the world’s top three AI powers alongside the United States and China.

Analysts say SK hynix’s US listing could unlock pent-up valuation in the South Korean market by drawing in global investors.

In October the firm reported record profit in the third quarter, boosted by strong demand for artificial intelligence.

The strong performance followed signed partnerships with AI giants including OpenAI and Broadcom to supply advanced memory chips.