Samsung Electronics is in preliminary talks to issue American Depositary
Receipts (ADRs) in the US, sources say. The company has held early discussions
with several banks but has made no decision and will closely monitor volatile
memory-chip peers before proceeding. If pursued, structuring a US listing could
be complicated by Samsung’s diversified business mix and ongoing labor disputes.
Sources say Samsung has considered ADRs before but shelved the idea; SK Hynix’s
recent successful US listing has renewed interest. Samsung shares are up about
120% year-to-date, pushing market value above $1 trillion; that rally already
reflects elevated earnings growth expectations. Samsung’s preliminary results
beat forecasts last week but the subsequent sharp share drop highlights the high
bar for investor satisfaction. Additional industry capacity coming online also
poses downside pressure for chip stocks.