SK Hynix Shares Surge 13% on NASDAQ Debut; US Competition to Attract Memory Production Intensifies

SK Hynix's ADR listing on NASDAQ marked a successful debut, with shares rising 13% on the first day. The performance signals a shift from the long-standing 'Korea discount' that previously undervalued Korean memory firms relative to U.S. competitors. Meanwhile, the U.S. government is intensifying efforts to attract memory semiconductor production, aiming to centralize the supply chain amid the AI era's demand surge. Commerce Secretary Ruto praised SK Hynix and Samsung for expanding U.S. production, while Micron announced a $250 billion investment plan by 2035 to meet rising demand.