On June 25th, U.S. media reported that SK Hynix plans to issue American Depositary Receipts (ADRs) on NASDAQ on July 10th, aiming to raise nearly $30 billion, which is expected to become one of the largest ADR issuances in history. Market analysts believe that this move will significantly broaden its global investor base and may drive up its valuation. Several asset management firms predict that if SK Hynix's valuation approaches that of Micron, its stock price could have a 30% upside potential over the next year. A fund manager stated that given the demand for memory chips is likely to continue outpacing supply in the coming years, SK Hynix's valuation should be at least on par with Micron's. This listing comes at a time when the memory chip industry is experiencing a rare boom, with shares of Micron, SK Hynix, and Samsung Electronics all surging more than 200% this year, marking their best annual gains in decades. The strong demand for High Bandwidth Memory (HBM) from AI servers is seen as a key driver of this structural 'memory supercycle.'