SK hynix Makes Landmark Entry into US Nasdaq, Begins Trading on the 10th

Entering the US Market with ADR Listing
Choi Taewon, Kwak Nojung, and Others Attend Opening Bell Ceremony
Public Offering Payment to Be Completed on July 14

SK hynix has entered the US Nasdaq market, the heart of the global artificial intelligence (AI) industry and capital markets, laying the groundwork to further enhance its stature as a global AI memory company.

Chairman Chey Tae-won of SK Group and CEO Kwak Nojung of SK Hynix, along with other officials, are applauding at the opening bell ceremony celebrating the listing of SK Hynix American Depositary Receipts (ADR) held at the Nasdaq MarketSite located in Times Square, New York, on the 10th (local time). Photo by Yonhap News.

On July 10th (local time), SK hynix announced that it held an Opening Bell ceremony at the Nasdaq MarketSite in Times Square, New York, to commemorate the listing of its American Depositary Receipts (ADR), marking the official start of trading.

An ADR is a certificate issued by a local depository institution that holds the shares of a foreign company, allowing those shares to be traded on the US stock market. SK hynix will maintain its eligibility for listing on the Korean stock exchange while also entering the US capital market. This enables global investors to conveniently invest in SK hynix shares in the US market without the need for currency exchange or opening a domestic account in Korea.

The Opening Bell ceremony was attended by key executives from the group and company, including Choi Tae-won, Chairman of SK Group, Chey Jae-won, Senior Vice Chairman, and Kwak No-jung, CEO of SK hynix, to celebrate the company's Nasdaq debut.

As the AI era gathers momentum and data center infrastructure expands rapidly, demand for AI memory to support this growth is surging. SK hynix possesses the technological capabilities and stable supply capacity demanded by global big tech customers and, in particular, maintains unrivaled competitiveness in the high-bandwidth memory (HBM) market, which is the core of AI accelerators.

With this listing, the company aims to broaden its base of global investors in the US capital market and strengthen its position as a key global AI partner. Prior to the listing, SK hynix conducted roadshows for global institutional investors in major regions including the US, Europe, and Asia. Investors reportedly expressed their support for SK hynix's competitiveness and growth potential as a leader in the AI memory market.

This listing is expected to serve not only as a means of raising capital but also as an opportunity to reinforce connections with the next-generation computing ecosystem, discover new business opportunities, and deepen strategic partnerships. With increased accessibility for investors worldwide, the company plans to foster innovation and contribute to the development of the industry and the AI ecosystem.

CEO Kwak stated, "I am grateful to our investors and customers for their trust. We will continue expanding the boundaries of memory possibilities through innovation and support our employees in achieving even greater accomplishments. SK hynix will demonstrate technological leadership and be present wherever AI exists."

Meanwhile, the payment for SK hynix's ADR public offering will be completed on July 14 (local time). The common shares (new shares) that serve as the underlying assets for this ADR issuance are scheduled to be additionally listed on the Korea Exchange KOSPI market around July 29 (Korean time).

This content was produced with the assistance of AI translation services.