Samsung Electronics has denied a report that it is considering a United States share listing through American depositary receipts. The denial followed an earlier account that the company had held early discussions with banks about a possible offering. Samsung said no such review is under way.
A Samsung spokesperson said, “Samsung Electronics is not reviewing the possibility of issuing American Depositary Receipts.” The statement directly challenged the earlier report about possible talks with financial advisers. Samsung did not provide further details about its position or any past discussions.
The earlier account said the talks were at a very early stage. It also said Samsung had not chosen whether to proceed. According to that report, any review ‘may not result in a listing.’ The company had previously considered a similar plan but decided against moving forward.
ADRs allow shares in foreign companies to trade on United States exchanges. A depositary bank issues the receipts against underlying shares held in another market. Samsung Electronics currently trades mainly in South Korea, making direct access less simple for many American retail investors.
The report emerged days after SK Hynix completed a major United States share offering. The memory chip maker priced its ADRs at $149 each and raised about $26.5 billion. Reuters described the deal as the largest United States listing by a foreign company.
SK Hynix shares began trading on NASDAQ on July 10. The ADRs rose more than 12% during their first session. Demand for the deal exceeded the shares available, as investors sought exposure to memory products used in artificial intelligence data centers.
Samsung competes with SK Hynix in DRAM, NAND and high-bandwidth memory. Both companies have gained from rising demand for chips used in AI servers. The SK Hynix sale gave global investors another direct route into South Korea’s memory chip sector.
Still, memory stocks have shown sharp price swings. SK Hynix shares fell after the strong NASDAQ debut as some investors took profits. Market participants have also watched expected production growth, future chip supply and the pace of AI infrastructure spending.
Samsung recently estimated second-quarter sales at about 171 trillion won. It projected operating profit of around 89.4 trillion won, compared with 4.68 trillion won one year earlier. The company plans to release its detailed quarterly results on July 30.
Despite the stronger preliminary profit, Samsung shares fell after the update. Investors weighed high market expectations against concerns about future AI spending. They also assessed whether added memory production could ease supply limits and pressure chip prices.
Samsung and SK Group announced large manufacturing plans in June. Each group plans to build two chip plants as South Korea expands its semiconductor capacity. The combined planned investment totals 800 trillion won, or about $536 billion.
South Korean companies also plan major spending on AI data centers. The country announced 550 trillion won in planned investment from firms, including Naver. The projects aim to build 8.4 gigawatts of data-center capacity by 2029.
For now, Samsung’s public statement leaves no active ADR plan confirmed. The company’s denial stands against the earlier report of preliminary bank discussions. Any future United States listing would require a new company announcement or formal regulatory filing.
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