SK Hynix Nasdaq Listing Hailed as 'Historic Moment,' Chairman Eyes U.S. Fab Investment

SK Group Chairman Chey Tae-won described the listing of SK Hynix's American Depositary Receipts (ADRs) on the Nasdaq as a "truly historic moment." Speaking at the Nasdaq MarketSite in New York on July 10, Chey reflected on the journey since SK's acquisition of Hynix 15 years prior, calling the current achievement a realization of a long-held dream.

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It's a truly historic moment. When SK acquired Hynix 15 years ago, it was like a dream, but now it has been realized.

The ADR listing is seen as a significant step, granting SK Hynix enhanced access to global capital markets. "This gives us a new momentum to access the global capital market," Chey stated, emphasizing that it opens up numerous "financial options" for the future. He highlighted the potential for utilizing these options for purposes like stock options and attracting global talent, including in the United States.

Addressing investor concerns about the current semiconductor market cycle, Chey projected exponential growth in memory chip demand. He pointed to the burgeoning needs of AI agents, physical AI, and robotics as key drivers, differentiating future demand from past reliance on human or hardware numbers. "Memory chip demand will increase exponentially," he asserted.

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This gives us a new momentum to access the global capital market. It's a great and meaningful first step, and through this, we will have many financial options that we can utilize in the future.

Chey further revealed that SK Hynix is considering investments in semiconductor fabrication plants within the United States. He noted that despite announcing plans to double production capacity within five years, customer demand remains high, underscoring the persistent need for more memory supply.

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Memory chip demand will increase exponentially.