Sources familiar with the matter indicate that Samsung Electronics Co., Ltd. is in the preliminary stages of exploring a potential issuance of American Depositary Receipts (ADRs).

These sources state that the company has held initial consultations with several banks, but a final decision on whether to proceed with a listing has not been made. The individuals requested anonymity as the discussions are private. They noted that Samsung Electronics will closely monitor the volatile memory chip stock sector throughout its decision-making process. If the company ultimately decides to move forward with a US listing, its vast business portfolio and recurring labor disputes could present challenges in structuring the deal.

It was further clarified that these discussions are at a very early stage and may not necessarily result in an actual listing. A representative for Samsung Electronics declined to comment.

According to the sources, Samsung Electronics has previously considered issuing ADRs but ultimately decided against it. The highly successful US listing of competitor SK Hynix has reportedly provided fresh motivation for Samsung to reconsider the option. However, they emphasized that the current talks remain preliminary, more of an assessment than a concrete plan or the appointment of banks for a transaction.

SK Hynix, which competes with Samsung in the memory chip market, listed in the US last week, raising $26.5 billion and setting a record for the largest US listing by a foreign company. This deal demonstrated strong investor appetite for companies central to the global AI infrastructure build-out and helped alleviate concerns about overvaluation within the AI supply chain.

Shares of Samsung Electronics have risen approximately 120% this year, giving the company a market capitalization exceeding $1 trillion. In comparison, SK Hynix's stock has surged 194%, with a market value around $900 billion.