TechFlow News, June 25: According to U.S. media reports, SK Hynix is expected to list American Depositary Receipts (ADRs) on the Nasdaq on July 10. This listing aims to raise nearly $30 billion, potentially making it one of the largest ADR offerings in history. The market widely believes this move will significantly broaden its global investor base and may trigger a revaluation. Several asset management firms project that if SK Hynix’s valuation converges with Micron’s, its stock price could rise by 30% over the next year.
A fund manager noted that SK Hynix should trade at a valuation level at least comparable to Micron’s, given that demand for memory chips is likely to persistently outstrip supply over the coming years. This listing coincides with a rare boom period for the memory chip industry. Shares of Micron, SK Hynix, and Samsung Electronics have all surged over 200% this year, marking their strongest annual performance in decades. The surging demand from AI servers for High Bandwidth Memory (HBM) is widely viewed as the structural driver behind a “memory supercycle.” (Jinshi)
