SK Group Chairman Chey Tae-won to Attend SK hynix Nasdaq ADR Listing Ceremony

Дата публикации: 09-07-2026 14:17:23

SK Group Chairman Chey Tae-won will travel to the United States to attend the Nasdaq listing ceremony for SK hynix Inc.'s American depositary receipts (ADRs), where the company is expected to present its artificial intelligence (AI) memory growth strategy to global investors and discuss expanding pa

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SK Group Chairman Chey Tae-won will travel to the United States to attend the Nasdaq listing ceremony for SK hynix Inc.'s American depositary receipts (ADRs), where the company is expected to present its artificial intelligence (AI) memory growth strategy to global investors and discuss expanding partnerships with major technology companies.

According to industry sources on July 9, Chey will attend the SK hynix ADR listing ceremony at the Nasdaq MarketSite in New York on July 10 (US time). He will participate in the Nasdaq opening bell ceremony alongside Kwak Noh-jung, president and chief executive officer of SK hynix, and other senior executives.

The event marks SK hynix's official debut on the Nasdaq market. Chey's participation is viewed as part of the company's effort to reinforce its leadership in AI memory and highlight its long-term growth prospects to global investors. Although SK hynix has established a leading position in the AI memory market, the company has argued that its valuation remains below that of US rival Micron Technology. The ADR listing is intended to enhance the company's visibility in global capital markets and support a fairer market valuation while providing capital for additional semiconductor investment.

During his visit to the United States, Chey is also expected to seek meetings with senior executives at NVIDIA Corp. and Tesla Inc. In February, he met with NVIDIA executives in Silicon Valley to discuss cooperation on high-bandwidth memory (HBM), the next-generation server memory module Small Outline Compression Attached Memory Module (SOCAMM), NAND flash and AI data centers. He also met NVIDIA Chief Executive Officer Jensen Huang during Huang's visit to South Korea in June, reaffirming the companies' long-term partnership.

In its registration statement filed with US securities regulators, SK hynix finalized the ADR offering size at 17.79 million shares, representing approximately 2.5% of its outstanding shares. The company plans to raise 43 trillion won through the offering. The final offering price will be determined on July 9 (US time), with trading on Nasdaq scheduled to begin on July 10.

The proceeds will be invested in construction of the first fabrication plant at the Yongin semiconductor cluster, advanced packaging facilities at the Cheongju P&T7 complex, and an AI memory packaging plant in Indiana. The funds will also be used to purchase extreme ultraviolet (EUV) lithography equipment and expand semiconductor manufacturing capacity.

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