SK hynix lists ADRs on Nasdaq to expand global AI presence

SK hynix has listed its American Depositary Receipts (ADRs) on the Nasdaq stock market, marking a move to expand its presence in global capital markets and strengthen its position as a key supplier in the artificial intelligence (AI) semiconductor ecosystem. The Korean memory chipmaker held an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York, on Friday (local time) to commemorate the start of ADR trading. The event was attended by SK Group Chairman Chey Tae-won, SK Square Executive Vice Chairman Chey Jae-won and SK hynix CEO Kwak Noh-jung, among other senior executives from the group and company. The listing comes as demand for AI-related memory chips is surging amid rapid growth in data centers and AI computing. SK hynix has emerged as a leading player in the high bandwidth memory (HBM) market, a critical component for AI accelerators used by major technology companies. "Through continuous innovation, we will push the boundaries of what memory can achieve while empowering our employees to reach even greater accomplishments," Kwak said. "SK hynix seeks to be where