SK Group Chairman Chey Tae-won will take the stage at the Nasdaq in New York to declare SK hynix's leadership in artificial intelligence (AI) to a global audience.
According to industry sources, SK hynix will hold a ceremony to celebrate its listing of American Depositary Receipts (ADRs) on the Nasdaq at 9 a.m. local time (10 p.m. Korean time) on July 10.
Chairman Chey is expected to attend the bell-ringing ceremony alongside key executives, including President and CEO Kwak Noh-jung.
Following the ceremony, he will participate in a live-streamed discussion with global semiconductor experts to discuss future semiconductor strategies, marking the start of a comprehensive "top sales" initiative.
The online program "The Six Five," hosted by Daniel Newman, CEO of the global technology analysis firm Futurum Group, will feature Chey in a live discussion. Newman is a leading expert in analyzing the AI strategies of Silicon Valley giants like Nvidia, AMD, and Microsoft.
During the live broadcast, Chey will outline the competitive advantages centered around high-bandwidth memory (HBM) and the long-term roadmap for next-generation AI data center solutions.
Previously, Chey expressed in his writings that "SK hynix must grow tenfold from its current size," indicating his ambition to break the market's undervaluation of the company.
This event reflects Chey's strong commitment to repositioning SK hynix from a general memory manufacturer to a key player in global AI infrastructure.
In fact, the demand forecast for the Nasdaq listing attracted over seven times the amount of the offering, marking the second-largest foreign IPO in U.S. history (the largest for a foreign company).
The final offering price was set at $149 per share, approximately 2.9% higher than the closing price of common shares on the Korean stock market, allowing SK hynix to secure around 40 trillion won (approximately $26.57 billion) in substantial funding.
* This article has been translated by AI.
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