SK Hynix has officially selected Citigroup, JPMorgan Chase, and Goldman Sachs to serve as its American Depositary Receipt (ADR) arrangement banks. The company aims to finalize the listing within this year, a strategic move that is expected to secure funds for the expansion of its High Bandwidth Memory (HBM) production and the development of AI infrastructure. (In the context of English business news, it is more common and professional to use "appoints" instead of "selects" to convey the formal decision-making process of a company. Also, adding "officially" emphasizes the formality of the selection. "High Bandwidth Memory" is spelled out in full for better understanding for readers who may not be familiar with the acronym.)
