SK hynix Seeks US Market Revaluation Leveraging HBM Technological Edge

SK hynix has officially announced its listing on the Nasdaq market on July 10, with plans to issue American Depositary Receipts (ADRs) worth up to 45 trillion won. This ADR issuance is designed to allow US investors to easily trade shares of the Korean company, SK hynix, locally. Through this move, the company aims to enhance its corporate value in the US market and attract more investors.

The secured funds will be utilized for large-scale facility investments. SK hynix will maintain its existing listing on the KOSPI. Funds raised through this ADR listing will be channeled into facility investments such as constructing the first phase of the Yongin semiconductor cluster fab, building the Cheongju P&T7 advanced packaging fab, and acquiring extreme ultraviolet (EUV) scanners.

SK hynix leads the HBM market with a 58% share (as of Q1 2024) and aims to achieve a re-evaluation of its corporate value by integrating into the US capital market.