Bloomberg reported on the 14th (local time) that Samsung Electronics is considering issuing American depositary receipts (ADR).
Citing unnamed sources, Bloomberg said Samsung Electronics has begun initial reviews for a U.S. ADR issuance and held preliminary talks with financial firms. However, it is not yet at the stage of deciding whether to list or selecting underwriters.
The sources said Samsung Electronics is watching the volatility in the memory chip market, and that the ADR plan may not proceed to actual execution as a result.
They added that if it pursues a U.S. listing, Samsung Electronics' diverse business portfolio and labor issues could become variables in designing the listing structure.
Samsung Electronics said it has never conducted any internal review related to ADR issuance.
Bloomberg said Samsung Electronics had considered issuing ADRs in the past but ultimately did not proceed. It analyzed that, following the recent U.S. listing of SK hynix and continued positive market reaction, Samsung Electronics appears to be reconsidering an ADR issuance.
Last month, the two companies released plans to invest a total of 800 trillion won to each build two semiconductor plants in response to growing demand for artificial intelligence (AI) chips.