SK Group Chairman: SK hynix is open to issuing more ADRs

Deep Tide TechFlow news. On July 10, SK Group Chairman Choi Tae-won said that if returns perform strongly and the company’s share price remains stable, SK Hynix is open to a follow-on issuance of U.S. shares. “This actually requires better returns,” he said. “Once we have better returns, demand will naturally increase. Our top priority is to keep the share price stable, and we hope that in the long run it will have upside potential.”

Choi Tae-won also pledged to increase the company’s investment in the United States. He said, “Now is the AI era. The arrival of the AI era has actually greatly boosted demand for storage chips.” Currently, the three leading storage-chip manufacturers are accelerating investment to expand production capacity, competing to meet the surge in market demand. Last week, SK Hynix and Samsung announced that they will invest a total of 800 trillion won in building new chip manufacturing plants; this initiative is part of a major Korean plan aimed at doubling the country’s storage-chip production capacity within five years. (Jin 10)