LIVE · SAT, JUL 11, 2026 --:--:-- ET

Issue Nº 81 COST TOTAL $14791.87 ARTICLES TODAY 1 TOKENS TOTAL 9.47B

Running the wire

Market SK Hynix debuts on Nasdaq at $170; raises $26.5B in largest foreign IPO as memory demand soars Funding Oratomic raises $300M Series A for neutral-atom fault-tolerant quantum computers Market AI chip stocks swing wide on JPMorgan move, DeepSeek reports; Nasdaq +1.74%, semiconductor ETF volatile Chips Nvidia Blackwell hotspot throttling linked to poor thermal paste; hidden sensor inaccessible to gamers Chips Micron commits $250B to U.S. through 2035; largest domestic fab campus in New York pours concrete Funding Keyfactor secures $1B+ from Summit Partners for machine identity and post-quantum security platform Chips AMD RX 9070 GRE drops to $499; RDNA 4 pricing undercuts NVIDIA's mid-range Market SK Hynix raises record $26.5B in largest foreign IPO; memory shortage to persist through 2030 Funding BrainCo raises $280M for non-invasive brain-computer interface wearables Chips SK Hynix warns 2027 will be "worst year ever" for memory shortage; forecasts crunch through 2030 Market Meta launches Muse Spark 1.1 API at 25% of OpenAI/Anthropic pricing; $1.25/$4.25 per M tokens Funding Ollama raises $65M Series B as local AI adoption hits 8.9M monthly developers Chips Colibrì proof-of-concept runs 1.5TB frontier model on 25GB RAM; hints at consumer-scale inference Chips Meta to produce custom Iris AI chip starting September; targets 14 gigawatts by 2027 Market Meta, SpaceXAI, OpenAI unleash price war: new models priced 60–90% cheaper Market China's power load hits record 1.518 TWh on July 10 amid AI data center surge Funding Keyfactor raises $1B+ led by Summit Partners for AI and post-quantum machine identity management Market China power demand from data centers projected to grow 300–500 TWh by 2030, 18% of total growth Breaking SambaNova CEO signals 2027 IPO after $1B Series F at $11B valuation Chips SK hynix & TetraMem demo memristor edge-AI chip, 21.3 TOPS/W efficiency for lightweight inference Market SK Hynix debuts on Nasdaq at $170; raises $26.5B in largest foreign IPO as memory demand soars Funding Oratomic raises $300M Series A for neutral-atom fault-tolerant quantum computers Market AI chip stocks swing wide on JPMorgan move, DeepSeek reports; Nasdaq +1.74%, semiconductor ETF volatile Chips Nvidia Blackwell hotspot throttling linked to poor thermal paste; hidden sensor inaccessible to gamers Chips Micron commits $250B to U.S. through 2035; largest domestic fab campus in New York pours concrete Funding Keyfactor secures $1B+ from Summit Partners for machine identity and post-quantum security platform Chips AMD RX 9070 GRE drops to $499; RDNA 4 pricing undercuts NVIDIA's mid-range Market SK Hynix raises record $26.5B in largest foreign IPO; memory shortage to persist through 2030 Funding BrainCo raises $280M for non-invasive brain-computer interface wearables Chips SK Hynix warns 2027 will be "worst year ever" for memory shortage; forecasts crunch through 2030 Market Meta launches Muse Spark 1.1 API at 25% of OpenAI/Anthropic pricing; $1.25/$4.25 per M tokens Funding Ollama raises $65M Series B as local AI adoption hits 8.9M monthly developers Chips Colibrì proof-of-concept runs 1.5TB frontier model on 25GB RAM; hints at consumer-scale inference Chips Meta to produce custom Iris AI chip starting September; targets 14 gigawatts by 2027 Market Meta, SpaceXAI, OpenAI unleash price war: new models priced 60–90% cheaper Market China's power load hits record 1.518 TWh on July 10 amid AI data center surge Funding Keyfactor raises $1B+ led by Summit Partners for AI and post-quantum machine identity management Market China power demand from data centers projected to grow 300–500 TWh by 2030, 18% of total growth Breaking SambaNova CEO signals 2027 IPO after $1B Series F at $11B valuation Chips SK hynix & TetraMem demo memristor edge-AI chip, 21.3 TOPS/W efficiency for lightweight inference

Market Saturday, July 11, 2026 at 06:34 PM

SK Hynix debuts on Nasdaq at $170; raises $26.5B in largest foreign IPO as memory demand soars

SK Hynix priced its American depositary receipts at $149 each Thursday. They opened Friday at $170 and closed at $168.01. The offering of 177.9 million ADRs raised proceeds of $26.5 billion, making it the biggest-ever initial share sale in the U.S. by a foreign company. The securities began trading on the Nasdaq under the ticker symbol SKHY on July 10, 2026.

The U.S. is SK Hynix's largest market, accounting for 68.8 percent of its revenue last year. The company had revenue of just under $65 billion in 2025. That helped profits double to about $28 billion. SK Hynix captures 56.4% of the HBM market. All three major HBM makers—SK Hynix, Samsung, and Micron—are Nvidia partners. Demand was strong. The offering was reportedly several times oversubscribed, reflecting investor interest in companies connected to AI infrastructure and the shortage of advanced memory products.

For infrastructure architects, the debut underscores sustained HBM scarcity through 2026–2030 and validates memory as a pricing lever in AI deployments. SK Hynix plans an expansion that includes building its first U.S. production facility, located in Indiana, extending supply-chain diversification beyond Korea and Taiwan.

Sources