SK Chairman Chey Tae-won is announcing investment plans at the ‘National Briefing on the Three Major Mega-Projects for Korea’s Great Leap Forward’ held at the Blue House State Guest House on the 29th of last month. Newsis 【Seoul, New York = Reporters Cho Eun-hyo and Lim Soo-bin, Correspondent Lee Byung-chul】 SK Group Chairman Chey Tae-won will attend the NASDAQ listing ceremony for SK Hynix’s American Depositary Receipts (ADRs) held at the NASDAQ Exchange in New York at 9:00 AM on the 10th (local time, 10:00 PM KST on the 10th). He will personally participate in the NASDAQ’s ‘Bell Ringing Ceremony,’ which is comparable to the opening bell ringing ceremony at the New York Stock Exchange. Chairman Chey’s ‘big picture’ is not merely about raising capital through the NASDAQ listing.
The plan is to have the company’s value re-evaluated in the U. S. , where capital and technology are concentrated, to solidify SK Hynix’s presence in the AI ecosystem, and furthermore, to secure large-scale business opportunities as an AI infrastructure company by competing and collaborating with Big Tech companies in the local U.
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to consolidate the group's investment resources, including those of SK Hynix, SK Inc. , and SK Telecom, is interpreted as being driven by this reason. A high-ranking business official stated, "In addition to domestic operations, the construction of AI data centers in the U. S. is also under consideration. " This signifies an advance into the "home turf of big tech companies.
" ** ** The NASDAQ exchange in New York, USA. Yonhap News** **■ Chey Tae-won's 'Big Picture'. Advancing into Big Tech Homes** According to SK Group on the 9th, Chairman Chey appears to be accelerating efforts to secure "super momentum" for SK Hynix and the group to make a major leap forward as a global artificial intelligence (AI) infrastructure company.In fact, market expectations for SK Hynix are rising ahead of its NASDAQ listing. Investment demand for SK Hynix's ADR pre-subscription has already exceeded seven times the public offering volume. Chairman Chey has spearheaded SK Hynix's listing on the U.
S. NASDAQ, the first hurdle in this process, and has concentrated the group's resources on the AI company established in the U. S.
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Even amidst the "peaking out" theory regarding semiconductor stocks, SK Hynix is projected to post a record-high operating profit exceeding 60 trillion won in the second quarter. SK Hynix initially announced plans to raise approximately 43 trillion won ($29 billion) through the issuance of ADRs. 5% of the total outstanding shares. S. The establishment of an AI company (global AI control tower) in the U. S.
5 billion (approximately 37 trillion won, based on the previous day's closing price). To respond to the surge in global demand for AI semiconductors, SK Hynix is rapidly constructing the Phase 1 fab of the Yongin Cluster, which will become the next-generation hub of the Korean semiconductor industry. These large-scale investments and strong export performance are garnering expectations as a new engine for recovery to revitalize the stagnant Korean economy.Workers are heading to the construction site early in the morning. Photo by Reporter Seo Dong-il ■ Turning Point for Semiconductor Stocks Peaking Out In his new book "Super Momentum," published earlier this year and featuring the success story of SK Hynix's HBM, Chairman Chey stated, "The market still perceives SK Hynix as a 'commodity' manufacturer and has not recognized a higher value," adding, "Hynix needs to grow tenfold from its current size (estimated market capitalization of approximately 2,000 trillion won at the time). " In fact, SK Hynix's market capitalization surged nearly tenfold in just one year from approximately 200 trillion won last June, surpassing 2,000 trillion won for the first time in history on June 22, and stands at around 1,558 trillion won as of today.
The market views SK Hynix's NASDAQ listing as a key variable that will determine the direction of the semiconductor stock peak-out. Lee Sang-heon, an analyst at iM Securities, said, "We are paying attention to the possibility of inclusion in the Philadelphia Semiconductor Index this coming September or the NASDAQ 100 in December," adding, "I expect investment supply and demand conditions to improve as U. S.
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investors' access to investment improves. " Even in the middle of the night, the construction site of the SK Hynix Yongin Semiconductor Cluster is brightly lit. Photo = Reporter Seo Dong-il ■ SK Hynix Profits Forecast to Reach 300 Trillion Won This Year The global industrial sector is paying close attention to the message Chairman Chey is expected to deliver on the occasion of this listing ceremony. S. is also under consideration. " This signifies an advance into the "home turf of big tech companies.
A business insider stated, "As the outcome of the AI competition is highly likely to be determined by stable memory supply capabilities, he may present solutions to resolve semiconductor bottlenecks. Furthermore, he will likely focus on highlighting SK Hynix as a key pillar of the future AI industry. " SK Hynix plans to utilize the funds raised in the U.S. for the construction of the Yongin Semiconductor Cluster Phase 1 fab, the Cheongju P&T7 Advanced Packaging fab (a back-end processing plant dedicated to HBM), and the acquisition of advanced semiconductor equipment, including Extreme Ultraviolet (EUV) scanners. 9 trillion won.
These are the uses of the funds disclosed in the securities registration statement. In the mid-to-long term, the plan is to pursue a total investment of 2,100 trillion won, including this, 1,100 trillion won in the Yongin and Honam semiconductor clusters and the Cheongju plant, and 1,000 trillion won in AI data centers.
6% increase year-on-year), projecting the company to achieve its highest quarterly performance since its founding. According to market research firm TrendForce, general-purpose DRAM prices rose by 58–63% and NAND flash prices by 55–60% in the second quarter of this year compared to the previous quarter.
SK Hynix ranked first in HBM market share based on revenue in the first quarter of this year, at 58% (according to Counterpoint Research). Meanwhile, the business community is closely watching the possibility that Chairman Chey will meet with the heads of global big tech companies following his attendance at the listing ceremony.
Tesla CEO Elon Musk and Nvidia CEO Jensen Huang are among those being mentioned.
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ehcho@fnnews.com Cho Eun-hyo, Im Soo-bin, Lee Byung-chul Reporter
