Samsung Electronics stated that it is currently not reviewing a listing of its American Depositary Receipts (ADR). The company also specified a concrete timeline for its second semiconductor plant in Taylor, Texas, saying that construction will begin at the end of this year with mass production to start in 2030.

In its second-quarter (April–June) earnings conference call on the 30th, Samsung Electronics said, “Based on a diversified business portfolio, we have secured stable cash-generation capability, so the need to issue ADRs for new capital raising is not high,” adding, “At this point, we are not considering an ADR listing.”

ADRs are certificates that allow shares of domestic companies to be traded on U.S. stock markets. Earlier, SK hynix listed on the U.S. market through ADRs, drawing attention to whether Samsung Electronics would also list. Regarding this, Samsung Electronics explained that while an ADR listing could expand its global investor base, it would also need to consider the additional disclosure and operational burdens. It can raise capital, but at the same time the burden of U.S. corporate and financial regulations would increase. As price gaps may emerge between ADRs and domestic common shares depending on overseas market liquidity and supply–demand conditions, the company’s stance is that it must also assess whether this would provide practical benefits to all shareholders, including domestic shareholders.

However, Samsung Electronics added, “It can be kept open and reviewed as one of several options for enhancing mid- to long-term shareholder value.”

The company also disclosed its plan to expand semiconductor production facilities in the United States. Samsung Electronics said the pace of expanding advanced process production capacity is not keeping up with demand and that it is preparing to break ground on the Taylor second plant at the end of this year. The target for mass production is 2030.

Taylor Plant 1 is being prepared with the goal of starting operations within this year, after which the company plans to gradually increase its 2-nanometer production capacity. As customer inquiries regarding the 1.4-nanometer process are increasing, it is also reviewing securing additional plants. The specific scale and timing of investment will be finalized in line with customer orders and consultation developments.

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