SK Hynix, a leader in the artificial intelligence (AI) semiconductor market, has entered the U.S. NASDAQ, setting out to target the global capital market. Through the listing of American Depositary Receipts (ADRs), SK Hynix plans to expand its investor base and strengthen its position in the AI memory market.

SK Hynix held an opening bell ceremony to commemorate its ADR listing at the Nasdaq MarketSite in Times Square, New York, on the 10th (US local time) and began trading. Key executives, including SK Group Chairman Chey Tae-won, SK Group Senior Vice Chairman Chey Jae-won, and SK Hynix CEO Kwak No-jung, attended the event.

An ADR is a certificate issued to allow foreign companies' shares to be traded on the U.S. stock market. Through this, U.S. investors can invest in the company in the local market without a separate Korean stock account.

SK Hynix announced that through this listing, it plans to expand its investor base in the U.S. capital market and strengthen its position as a key partner in the global AI industry.

The company conducted roadshows targeting institutional investors in the U.S., Europe, and Asia prior to its listing. The company explained that investors showed interest in its competitiveness and growth potential in the AI memory market.

With the expansion of the AI industry and the increasing demand for data center investments and AI semiconductors, the importance of memory semiconductors is also growing. SK Hynix is regarded as a company with business competitiveness in the field of AI memory, including High Bandwidth Memory (HBM).

The company views this ADR listing as an opportunity to go beyond simple fundraising to expand cooperation with the next-generation computing ecosystem and secure new business opportunities. Furthermore, it plans to contribute to the development of the AI ecosystem and industry by increasing accessibility for global investors.

In his commemorative speech, CEO Kwak No-jung said, “I thank the investors and customers who have trusted us, and we will support our employees in achieving greater success by expanding the boundaries of memory possibilities through innovation,” adding, “SK Hynix will demonstrate its technological leadership and be with AI wherever it is.”

Meanwhile, the payment of the public offering proceeds for SK Hynix ADR is scheduled to be completed on the 14th (U.S. local time), and the common shares underlying this ADR are scheduled to be additionally listed on the Korea Exchange securities market around the 29th of this month.