SK Hynix has entered overseas capital markets directly. SK Hynix said on the 10th (U.S. time) it began official trading on the U.S. Nasdaq market through a listing of ADRs, certificates issued based on foreign company shares held by a depositary institution. The company held a commemorative opening bell event at Nasdaq MarketSite in Times Square, New York, on the day.

The event was attended by key group and company executives, including SK Group Chairman Chey Tae-won (최태원), Vice Chairman Chey Jae-won (최재원) and SK Hynix CEO Kwak Noh-jung (곽노정). SK Hynix has secured a competitive edge in high bandwidth memory, or HBM, a high-performance memory made by stacking multiple layers to increase data processing speed. This memory quickly processes data needed for AI computing and determines the performance of AI accelerators.

As data centres spread rapidly in the era of artificial intelligence and demand for such memory rises sharply, SK Hynix said it plans to use the listing to broaden its investor base in the U.S. capital market and strengthen its position as a key AI partner. The company said it held roadshows for institutional investors in major regions including the United States, Europe and Asia ahead of the listing, and investors focused on its competitiveness and growth potential in leading the AI memory market.

In a congratulatory speech, Kwak stressed trust, innovation and growth. "I thank the investors and customers who believed in us. We will expand the boundaries of what memory can do through innovation, and support our employees so they can achieve even greater accomplishments," he said. "SK Hynix will prove its technology leadership and be present wherever there is AI," he said.

SK Hynix's listing is expected to be a step to strengthen connections with the next-generation computing ecosystem beyond raising funds. Payment of the offering proceeds for SK Hynix's ADRs, which began first trading on the day, will be completed on the 14th (U.S. time). New common shares that underpin the ADRs are expected to be additionally listed on the Korea Exchange's main board around the 29th.