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Issue Nº 77 COST TOTAL $14696.35 ARTICLES TODAY 14 TOKENS TOTAL 9.35B
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Running the wire
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
Funding

SK Hynix launches $28B Nasdaq IPO; second-largest after SpaceX, proceeds to fund South Korea fab expansion

SK Hynix, South Korea's largest memory chipmaker, launched a $28 billion Nasdaq listing on Monday with pricing set for Thursday, July 9, and trading to begin Friday, July 10, under ticker SKHY. The deal is the second-largest share sale in history after SpaceX's $85.7 billion June IPO, surpassing Saudi Aramco's $25.6 billion 2019 offering and Alibaba's $25 billion 2014 listing. The company is issuing 17.79 million ADRs at an exchange rate of roughly 1,533 won per dollar, targeting $28 billion in net proceeds after underwriting fees. Demand from cornerstone investors—Baillie Gifford, Coatue Management, and Situational Awareness Partners—has already exceeded available shares.

SK Hynix will deploy the capital to expand manufacturing capacity in South Korea (including the accelerated Yongin megacluster fab completion moved forward by 12 years to 2033) and acquire roughly $7.8 billion in extreme ultraviolet (EUV) lithography scanners from ASML, the sole commercial maker of these critical nanometer-scale etch tools. The company generated $85.8 billion in revenue over the trailing 12 months through March 2026, with 60–70% from DRAM and 30–35% from NAND. Year-over-year revenue jumped at 198% annualized rate in Q1 2026. Major customers include Nvidia, Google, and Microsoft.

For infrastructure procurement teams: SK Hynix's listing and capex plan signal confidence in AI-driven HBM and memory demand persistence through 2027+. The $7.8B ASML commitment reveals the real supply constraint—EUV tool delivery, not fab groundbreaks. Expect SK Hynix to compete aggressively with Samsung and Micron for hyperscaler contracts over the next 18 months as new capacity ramps.

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