Samsung May List ADRs in the U.S., Jefferies Research Head Says

Jefferies research head Jeff Kim said Samsung is likely to follow SK Hynix by listing American depositary receipts (ADRs) in the U.S. market, which he said would support share prices of South Korean chipmakers whose valuations lag Micron. According to Odaily, Kim said chip stocks are at a turning point and that ADRs would be an important catalyst for improving valuations.