China is building up a massive production capacity of foundational chips, which are widely used in smartphones and data centers.
IT infrastructure management software firm is understood to be in talks with financial advisers.
US tech giant is keeping pace with a broader rally in chip-industry stocks this year.
Data centers represent one of the hottest sectors of industrial development in Northern Nevada.
Investors continue to pursue Asian infrastructure assets including data centers, fiber, and submarine cable firms.
The three-year-old firm is understood to have engaged with investors in Asia and Europe.
SK Hynix shares have surged this year thanks to its deal to supply premium chips to Nvidia.
The move forms part of a $3.2 billion cloud computing and AI infrastructure investment plan.
