Coming to America: SK Hynix plans depository receipt listing on the Nasdaq

AI Summary

SK Hynix plans to issue American depository receipts (ADRs) to facilitate investment by US investors. The South Korean memory-chip maker has surged in value due to high demand for AI applications, reflecting growing interest in semiconductor stocks.

SK Hynix, one of the three major memory-chip makers that has surged in value due to huge demand for artificial-intelligence applications, said on Wednesday it’s going to issue American depository receipts, giving American investors an easier way of investing in the company.