Korea-US- Global Briefing
Korea-US- Global Briefing — Fri Jul 10 SK Hynix debuts on Nasdaq as Washington presses Korean chipmakers to build US memory capacity Listen to the audio version TOP STORY SK Hynix begins trading American depositary receipts on Nasdaq today, bringing the trillion-dollar Korean memory leader directly to US investors. The debut lands one day after Commerce Secretary Howard Lutnick publicly pressed SK Hynix and Samsung to expand memory production in the US, putting Korea’s two chip giants at the center of both Wall Street and Washington this week. TRADE & TARIFF Speaking at Micron ’s fab ceremony in Clay, New York, Lutnick said he wants Samsung and SK Hynix to build memory plants in the US to ease the AI-driven chip shortage . The pressure collides with the two firms’ recently announced 800 trillion won plan for four new fabs at home, a tension worth watching as trade-deal implementation talks continue. KOREAN CORPORATE TRACKER SK Hynix’s US footprint anchors the ADR story : ...