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Market Anthropic revenue hits $30B ARR, overtakes OpenAI at $25B; enterprise focus drives efficiency gap Market SK Hynix launches $28B Nasdaq IPO; HBM supplier pricing Friday as second-largest offering ever Breaking Meta launches Muse Image, native AI image model to reduce third-party dependence Funding SK Hynix launches $28B Nasdaq IPO; second-largest after SpaceX, proceeds to fund South Korea fab expansion Chips South Korea's $880B fab megacluster faces critical power shortage: needs 15–16 GW, has only 1.9 GW local supply Market Samsung chip profit surges but stock tumbles 8% as AI demand concerns override earnings beat Market SpaceX Colossus lands $26B in multi-year GPU contracts from Google, Anthropic; TSMC ships first US-made Blackwell Chips Longsys posts 61,800% profit jump as AI memory demand crushes DRAM/NAND supply Market Samsung's 19x profit surge fails to satisfy; chip stocks tumble on AI sustainability fears Policy Arvind Raman sworn in as NIST director; signals focus on AI standards, semiconductors Breaking Microsoft brings 3M+ Hugging Face open models to Foundry Managed Compute with weekly refresh Chips NVIDIA launches Vera CPU for agentic AI, claims 1.8x sustained per-core performance over x86 Chips Intel Nova Lake officially confirmed with AVX-512 on both P-cores and E-cores Chips Micron breaks ground on $9.3B Hiroshima HBM fab expansion; Japan subsidizes $3.2B Market Amazon raises $25B in bond sale for AI capex; projects $200B spending in 2026 Market Consumer GPU Prices Hit 50% Premium on H1 2026 Memory Crunch; VRAM Now 80% of BOM Market Apple Supplier Luxshare Prices Hong Kong IPO at $3.1B, Diversifying Beyond Apple Funding Edge AI chip maker Syntiant files for Nasdaq IPO; targets always-on device inference Market U.S. Manufacturing PMI 53.3% in June; 8th month of production growth, headcount stabilizing Policy UK data centers get NSIP status; bypass local councils, cut approval timelines by 1 year Market Anthropic revenue hits $30B ARR, overtakes OpenAI at $25B; enterprise focus drives efficiency gap Market SK Hynix launches $28B Nasdaq IPO; HBM supplier pricing Friday as second-largest offering ever Breaking Meta launches Muse Image, native AI image model to reduce third-party dependence Funding SK Hynix launches $28B Nasdaq IPO; second-largest after SpaceX, proceeds to fund South Korea fab expansion Chips South Korea's $880B fab megacluster faces critical power shortage: needs 15–16 GW, has only 1.9 GW local supply Market Samsung chip profit surges but stock tumbles 8% as AI demand concerns override earnings beat Market SpaceX Colossus lands $26B in multi-year GPU contracts from Google, Anthropic; TSMC ships first US-made Blackwell Chips Longsys posts 61,800% profit jump as AI memory demand crushes DRAM/NAND supply Market Samsung's 19x profit surge fails to satisfy; chip stocks tumble on AI sustainability fears Policy Arvind Raman sworn in as NIST director; signals focus on AI standards, semiconductors Breaking Microsoft brings 3M+ Hugging Face open models to Foundry Managed Compute with weekly refresh Chips NVIDIA launches Vera CPU for agentic AI, claims 1.8x sustained per-core performance over x86 Chips Intel Nova Lake officially confirmed with AVX-512 on both P-cores and E-cores Chips Micron breaks ground on $9.3B Hiroshima HBM fab expansion; Japan subsidizes $3.2B Market Amazon raises $25B in bond sale for AI capex; projects $200B spending in 2026 Market Consumer GPU Prices Hit 50% Premium on H1 2026 Memory Crunch; VRAM Now 80% of BOM Market Apple Supplier Luxshare Prices Hong Kong IPO at $3.1B, Diversifying Beyond Apple Funding Edge AI chip maker Syntiant files for Nasdaq IPO; targets always-on device inference Market U.S. Manufacturing PMI 53.3% in June; 8th month of production growth, headcount stabilizing Policy UK data centers get NSIP status; bypass local councils, cut approval timelines by 1 year
Market

SK Hynix launches $28B Nasdaq IPO; HBM supplier pricing Friday as second-largest offering ever

South Korean memory-chip giant SK Hynix launched a $28 billion Nasdaq IPO on Monday under the ticker SKHY, positioning the offering as the second-largest public share sale in history after SpaceX's $85.7B debut in June. The company is selling 17.79 million American Depositary Receipts (ADRs) with pricing expected Thursday, July 9, and trading to commence Friday, July 10. Proceeds will fund capital expenditures for new production facilities in South Korea and acquisition of extreme ultraviolet (EUV) lithography scanners from ASML.

SK Hynix is the world's second-largest supplier of both DRAM (33% market share) and NAND flash (21%), and its HBM3E is in every production Nvidia Blackwell GPU shipped in 2026. The company's year-over-year revenue jumped at an annualized rate of 198% in Q1 2026. Demand for the offering already exceeds the available shares, with three cornerstone investors—Baillie Gifford, Coatue Management, and Situational Awareness Partners—signaling interest in up to $7B combined. SK Hynix stock rose 273% in Korea so far this year despite Monday's 4% pre-pricing dip.

The IPO signals Wall Street's appetite for HBM makers riding the AI boom, and gives public investors their first direct Nasdaq-listed exposure to the memory-chip market. Analysts note the memory cycle is in mid-stage, not early phase, raising questions about how long elevated DRAM and HBM pricing will hold. SK Hynix's $7.8B commitment to ASML EUV scanners (delivery December 2027) confirms that memory-capacity expansion will remain supply-constrained for at least another year, sustaining both pricing and allocation leverage.

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