SK Hynix Nasdaq ADR Listing Sparks Rebound Hopes - 조선일보

SK Hynix's stock, which had surged to record highs amid the AI boom, has dropped nearly 30% over the past month, drawing investor attention. The company made its Nasdaq ADR listing on July 10, marking... Read original →

SK Hynix’s Nasdaq ADR debut transcends fundraising—it’s a strategic repositioning within the AI chip stack. Its HBM3E is tightly integrated into NVIDIA’s GB200 platform, and while TSMC dominates 3nm EUV logic, SK Hynix leverages advanced packaging and TSV stacking for differentiation. This pressures Micron to accelerate HBM4 and may lure Intel or Broadcom into Korean foundry partnerships to mitigate supply chain risks. Compliance-wise, tighter U.S. FDI scrutiny is offset by ADR accessibility, though SEC disclosure burdens raise operational transparency costs. Over the next 12–24 months, if AI capex cools, cyclical memory headwinds loom; yet success in building CoWoS-alternative capacity outside Taiwan, China—or attracting passive index inflows via ADR liquidity—could finally break the chronic valuation discount plaguing DRAM stocks.