"Historic and Spectacular Debut"...SK Hynix's New York Entry Draws International Media Attention

SK Hynix ADR Surges 13% on Debut

"AI Set to Change the Boom-and-Bust Cycle in Memory Chips"

SK Hynix, which entered the New York Stock Exchange through American Depositary Receipts (ADR), has drawn significant attention from major international media outlets and Wall Street. Foreign media have characterized SK Hynix's listing as an event that highlights the structural transformation of the memory semiconductor industry amid the booming demand for artificial intelligence (AI).

On July 10 (local time), SK Hynix, which was listed on the New York Stock Exchange via ADR, closed at $168.49, up 13.08% from its public offering price.

Leading international media outlets such as Bloomberg, The New York Times (NYT), and The Wall Street Journal (WSJ) gave considerable coverage to SK Hynix's entry into the New York market, using phrases such as "historic debut" and "spectacular debut."

On the morning of the 10th (local time), at the 'Opening Bell' event held at the Nasdaq MarketSite in New York, USA, Taewon Choi, Chairman of SK Group, Nohjung Kwak, CEO of SK hynix, and Seungbeom Ko, Outside Director of SK hynix and Chairman of the Board, rang the bell to announce the commencement of Nasdaq ADR trading. SK hynix Yonhap News Agency

Bloomberg reported, "The (SK Hynix) historic debut represents the market's bet that the AI boom will fundamentally change the decades-long boom-and-bust cycle that has dominated the memory chip industry." The outlet added, "This U.S. listing marks the pinnacle of a remarkable comeback story for SK Hynix," while also outlining the company's history, including its restructuring from Hyundai Electronics following its acquisition of LG Semicon, its period under creditor management during a memory chip downturn, and its eventual acquisition by SK Group.

It also highlighted Chairman Taekwon Choi’s assessment that, as long-term supply contracts with client companies increase, the memory industry should no longer be seen as a cyclical business as it once was. On the same day, Chairman Choi appeared on CNBC and Bloomberg TV, expressing confidence in the growth potential of the memory semiconductor market in the AI era.

The NYT described this as "the latest test of investor demand for AI-related companies." WSJ published an article under the headline "Historic U.S. Debut of Korean Memory Chip Maker Shakes Up the Market," noting that "SK Hynix's historic U.S. trading debut helped revive AI investor sentiment."

Wall Street experts also offered optimistic interpretations, saying this listing demonstrates the likelihood that the fervor for AI semiconductor investment will continue. Thomas Hayes, Chairman of Great Hill Capital, commented, "Semiconductors are currently attracting the most capital worldwide," adding, "Both the underwriters and the issuer (SK Hynix) have confirmed high valuations and are looking to capitalize on them."

Dan Coatsworth, Head of Market Commentary at UK investment platform AJ Bell, said, "Demand for stock offerings in the U.S. was stronger than some anticipated," suggesting that "the memory semiconductor rally may not have peaked, but is perhaps just pausing for breath."

Giuseppe Sette, co-founder of the investment analytics platform Reflexivity, analyzed, "(SK Hynix ADR) represents the most definitive way for U.S. investors to gain exposure to the AI memory theme through a large-cap stock."

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