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Market Ford, GM secure long-term Micron memory deals as DRAM prices spike 70%; one of 16 SCAs Market Micron raises U.S. capex to $250B through 2035 with GlobalWafers $500M financing Chips US chip sanctions fuel Sino-Russian chip alliance; Huawei Ascend 950 fills void Chips Syntiant files for $300M IPO on edge AI chip momentum, backed by Intel and Microsoft Funding SK Hynix launches $28B US IPO targeting second-largest offering in history Market Anthropic signs $19B, 20-year data center lease with TeraWulf in Kentucky Chips Intel Preps Nova Lake-S Dunlow Workstation CPUs With Up to 28 Cores at 95W TDP Market Meta Launches Muse Spark 1.1 Paid API; Charges $1.25/$4.25 Per Million Tokens Breaking OpenAI Rolls Out GPT-5.6 Sol, Terra, Luna With 54% Coding Token Efficiency Funding Mercor acquires Deeptune: AI agent simulation platform; $2B ARR, Mag Seven as customers Market GeForce NOW expands Toronto region with RTX 5080 servers; Blackwell rollout now complete globally Funding Kraken Technology becomes Europe's maritime defence unicorn—$175M Series B from NATO, defence investors Policy OpenAI publishes National Security Principles; expands Daybreak cyber access to 9 allied nations Chips Hugging Face transformers backend now reaches native vLLM speed on Qwen3 MoE, dense models Research NVIDIA releases Nemotron Post-Training v3 Prompt Atlas—10T tokens, synthetic personas for agentic AI Breaking Google AlloyDB ships proxy models for semantic queries—23,000x faster, 6,000x cheaper Market SK Hynix Debuts on Nasdaq With $1 Trillion Valuation; Raises $29B for U.S. Expansion Breaking HalluSquatting attack tricks AI agents into running malicious code via hallucinated repos; 85% success rate Funding Europe VC funding hits $24B in Q2 2026—strongest quarter in 4 years as UK leads Breaking SpaceXAI releases Grok 4.5; Musk claims Opus-class performance at half the cost Market Ford, GM secure long-term Micron memory deals as DRAM prices spike 70%; one of 16 SCAs Market Micron raises U.S. capex to $250B through 2035 with GlobalWafers $500M financing Chips US chip sanctions fuel Sino-Russian chip alliance; Huawei Ascend 950 fills void Chips Syntiant files for $300M IPO on edge AI chip momentum, backed by Intel and Microsoft Funding SK Hynix launches $28B US IPO targeting second-largest offering in history Market Anthropic signs $19B, 20-year data center lease with TeraWulf in Kentucky Chips Intel Preps Nova Lake-S Dunlow Workstation CPUs With Up to 28 Cores at 95W TDP Market Meta Launches Muse Spark 1.1 Paid API; Charges $1.25/$4.25 Per Million Tokens Breaking OpenAI Rolls Out GPT-5.6 Sol, Terra, Luna With 54% Coding Token Efficiency Funding Mercor acquires Deeptune: AI agent simulation platform; $2B ARR, Mag Seven as customers Market GeForce NOW expands Toronto region with RTX 5080 servers; Blackwell rollout now complete globally Funding Kraken Technology becomes Europe's maritime defence unicorn—$175M Series B from NATO, defence investors Policy OpenAI publishes National Security Principles; expands Daybreak cyber access to 9 allied nations Chips Hugging Face transformers backend now reaches native vLLM speed on Qwen3 MoE, dense models Research NVIDIA releases Nemotron Post-Training v3 Prompt Atlas—10T tokens, synthetic personas for agentic AI Breaking Google AlloyDB ships proxy models for semantic queries—23,000x faster, 6,000x cheaper Market SK Hynix Debuts on Nasdaq With $1 Trillion Valuation; Raises $29B for U.S. Expansion Breaking HalluSquatting attack tricks AI agents into running malicious code via hallucinated repos; 85% success rate Funding Europe VC funding hits $24B in Q2 2026—strongest quarter in 4 years as UK leads Breaking SpaceXAI releases Grok 4.5; Musk claims Opus-class performance at half the cost
Funding

SK Hynix launches $28B US IPO targeting second-largest offering in history

<cite index="26-2,26-3">SK Hynix kicked off its formal marketing process for a US listing, seeking to sell American depositary receipts representing about 17.79 million common shares, valued at about $28 billion based on Friday's closing price in Seoul</cite>. <cite index="30-2">The offering is over seven times oversubscribed, with when-issued trading starting July 10, 2026, ticker SKHY on Nasdaq</cite>. <cite index="22-3">If the listing reaches its anticipated target, it would become the second-biggest share sale in history, surpassing Saudi Aramco's $25.6 billion IPO in 2019, with SpaceX holding the record after raising $85.7 billion last month</cite>.

<cite index="26-2">The Seoul-traded stock rallied about 260% this year, propelling the company's market capitalization above $1 trillion</cite>. <cite index="21-1,21-2">SK Hynix, along with peers Samsung and Micron, has been riding the AI wave as high-bandwidth memory has become a critical bottleneck in AI infrastructure, with the company's year-over-year revenue jumping at an annualized rate of 198% in Q1 2026</cite>.

<cite index="27-2">SK Hynix is one of the world's largest memory semiconductor companies, ranking first or second in the global DRAM, high-bandwidth memory (HBM), and NAND flash memory markets in 1Q26</cite>. <cite index="27-2">Cornerstone investors Baillie Gifford, Coatue Management, and Situational Awareness Partners have indicated on $7 billion of the IPO (24.9% of the deal)</cite>.

<cite index="23-2">The stock's South Korean-listed shares may be up more than 700% over the past year, but they've fallen 25% since late June</cite>. <cite index="25-2">The proceeds will be strategically invested in advanced chip manufacturing facilities in South Korea, enhancing SK Hynix's production capacity to meet the growing demand from AI giants like Nvidia and Google</cite>. For architects, the IPO validates memory scarcity as the limiting factor in AI infrastructure scaling—at $28B raised, SK Hynix is betting that HBM capacity constraints will persist through 2027–2028.

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