Samsung Stock Rises Despite ADR Denial as Anthropic AI Chip Deal Boosts Optimism

• Samsung stock gained despite conflicting reports over a potential US ADR listing, with the company later pushing back on the claims
• Reports that Samsung Foundry could manufacture custom AI chips for Anthropic helped reinforce optimism around its AI business
• The developments come as Samsung looks to narrow the gap with TSMC and capitalize on surging demand for AI chip manufacturing

Samsung stock ended Tuesday higher even as questions around a potential US listing surfaced. Reports that Samsung Electronics had explored an American depositary receipt (ADR) offering were quickly followed by a company denial. But investors appeared to shrug off the speculation. Instead, attention shifted to a separate development involving Samsung and Anthropic. This is something that could carry far greater weight for the company’s AI ambitions.

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Samsung Stock Rises Despite ADR Denial

Earlier in the day, Bloomberg reported that Samsung Electronics had held preliminary discussions with banks about a possible ADR listing in the US. According to the report, the conversations were in their early stages, no decision had been made, and the proposal might never move forward. Bloomberg also noted that the success of SK Hynix’s recent ADR debut had renewed internal interest in revisiting the idea.

Hours later, another reported revealed that Samsung rejected the claim. A company spokesperson said Samsung Electronics “is not reviewing the possibility of issuing American Depositary Receipts,” directly pushing back against the Bloomberg report.

Despite the conflicting headlines, Samsung stock closed about 3.3% higher at ₩263,000, suggesting investors were looking beyond the ADR speculation. The stock has also received support from improving sentiment around the semiconductor sector. This mostly as demand for AI infrastructure continues to accelerate.

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Anthropic Reports Shift Focus to AI Growth

The stronger catalyst seemed to come from reports that Samsung Foundry has secured Anthropic as a customer for custom AI chips. Reports revealed that Samsung will manufacture proprietary AI chips for the artificial intelligence startup. Samsung has not officially confirmed the report.

Even without confirmation, the news caught investors’ attention because a deal with Anthropic would strengthen Samsung’s position in the race for AI chip manufacturing. The foundry business has been working to narrow the gap with industry leader TSMC while competing for contracts from leading AI developers.

The report also follows Samsung’s recent efforts to expand its presence across the AI semiconductor supply chain, from advanced foundry services to high-bandwidth memory (HBM) chips.

Currently, the market appears to have made its choice. The Samsung ADR headlines generated plenty of discussion, but the possibility of adding another major AI customer gave investors a more compelling reason to buy the stock.

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