SK Hynix to list on Nasdaq next month on the 10th... Issuing up to 45 trillion ADRs | Kim Yong-beom: 'Discussion on local semiconductor cluster in final stages... Yongin remains' | Kwon Soon-woo 3PRO TV Reporter [News3]

Summary

Kwon Soon-woo presents a morning news briefing heavily focused on semiconductors. He highlights Micron's blowout earnings that confirm a strong memory upcycle, SK Hynix's upcoming ADR listing on Nasdaq to attract U.S. capital, Samsung's likely forced share buyback for employee bonuses, and an accelerated timeline for Korea's Yongin cluster that reinforces the memory bull case. A secondary theme covers South Korea's crude oil import diversification, which he argues will eventually boost offshore plant and shipbuilding orders.

• Micron reported revenue and EPS far above consensus, with HBM sold out through 2026 and supply tight until 2027.
• SK Hynix plans a ~45 trillion KRW ADR listing on Nasdaq around March 10, opening access to U.S. passive and index funds.
• The ADR proceeds will fund the Yongin cluster and packaging capacity, and the listing is expected to re-rate both the ADR and Korean-listed shares.
• Samsung Electronics may be forced to buy back at least 90 trillion KRW of stock to meet employee bonus obligations.
• Samsung and SK Hynix accelerated the Yongin cluster schedule by 10 years, but fixed-price contracts mean higher supply should boost revenues without breaking the cycle.
• South Korea's crude oil dependence on the Middle East is falling fast, which could structurally lower import costs and drive orders for offshore plant and shipbuilding.
• The overall tone is very bullish on memory semiconductors and highlights long-term opportunities in Korean offshore construction and equipment.