Samsung Electronics also wants to list in the United States.

In today’s semiconductor market, basically, it’s whoever owns the US stocks who rules the world.
Although Samsung is a giant in the Korean market, in the global capital allocation pool, if it doesn’t issue ADRs in the US, many top funds are restricted by compliance requirements—so even if they want to take a heavy position, they can’t.
Samsung has spent so much money building a plant in Taylor, Texas—now is exactly the time to use that money.
If it can issue some new shares through a third-level ADR structure, and directly absorb global liquidity on US stocks, that would be an absolute shot in the arm for its advanced process technology and HBM expansion.
I’m actually quite curious how US analysts would value Samsung.
Right now, US stocks have a very high tolerance for AI hardware. As long as you have products and can get into Nvidia’s supply chain, the valuation can be pushed sky-high.
Samsung’s awkwardness is that it’s a conglomerate.
It has the storage business that makes the most money, but it also has consumer appliances with relatively average gross margins.
When a huge company like this goes to US stocks, there are usually two outcomes:
Either it’s broken into different value modules and rediscovered, or it ends up looking disgraced under a strict disclosure regime.
After all, the US has extremely high disclosure requirements for labor-management relations, strikes, and similar issues.
The discussion is still in its early stage, and Samsung may still be watching the volatility in the storage segment.
But the big trend is there. Since SK hynix has already set the example, Samsung has no reason to keep guarding only that one table in Seoul.