Samsung Electronics may soon make a major move into the US stock market. The tech giant is holding early talks about selling American Depositary Receipts (ADRs), according to people familiar with the matter. ADRs allow US investors to buy shares in foreign companies without trading overseas. However, nothing has been approved yet. The discussions are still at an early stage. A Samsung spokesperson also declined to comment on the reports.
The company is carefully watching the memory chip market before making any decision. Samsung has explored a US listing in the past but later dropped the idea. This time, things look different. SK Hynix’s recent success has renewed Samsung’s interest. Last week, SK Hynix raised US$26.5 billion in the biggest US listing ever by a foreign company. That strong result showed investors still have huge confidence in companies powering the artificial intelligence boom.
Samsung’s Stock Has Jumped
Meanwhile, Samsung’s stock has jumped about 120% this year. The company’s market value is now above US$1 trillion. Even so, investors expect even stronger earnings. Last week’s quarterly results beat forecasts, yet the share price still dropped sharply. That reaction shows how difficult it has become to impress the market. At the same time, more chip factories are being built. As production rises, memory chip prices and profit margins could face pressure.
Despite those concerns, Samsung continues to invest heavily in the future. Last month, Samsung Group and SK Group announced plans to build two chip plants each. The combined investment is worth about 800 trillion won. South Korea is also expanding its AI ambitions. The government recently announced 550 trillion won in investments from companies, including Naver, to build 8.4 gigawatts of AI data centre capacity by 2029.
If Samsung finally moves ahead with a US share sale, it could become one of the biggest tech listings to watch.
