LIVE · THU, JUL 09, 2026 --:--:-- ET

Issue Nº 79 COST TOTAL $14731.04 ARTICLES TODAY 6 TOKENS TOTAL 9.39B

Running the wire

Chips Imec roadmap: 2.5D optical I/O cuts AI inference interconnect power from 1.25kW to <200W Breaking SpaceXAI releases Grok 4.5 at $2/$6 per MTok; claims parity with Opus 4.7, faster Breaking Grok 4.5 launches at $2/$6 per million tokens: SpaceXAI's economics play vs. Opus, not performance crown Funding Rapidus secures ¥267.6B ($1.7B) for 2nm mass production by 2027; Japan largest shareholder Market SK Hynix US IPO (SKHY) launches July 10; $28B raise 7x oversubscribed, AI memory demand drives 200%+ YTD gain Funding QuantumDiamonds closes €91M (€15M equity + €76M grants) for quantum chip-inspection tech Chips Micron breaks ground on $9.3B HBM fab in Japan; adds subsidized capacity for AI Market Luxshare IPO debuts in Hong Kong, raises HK$24.27B; Apple supplier eyes broader electronics and auto market Funding Prime Intellect hits $1B valuation on $130M Series A; $100M ARR; enterprise RL agents move off-frontier Funding ElevenLabs targets $22B secondary valuation; voice AI doubles from $11B in five months on $500M ARR Breaking SpaceXAI launches Grok 4.5 at Opus-class performance; $2/M input tokens vs Claude $5/M Market Blackstone QTS raises $870M via data center asset-backed securities; Nemotron benchmarks open vs closed models Breaking China flags Claude Code monitoring mechanism as security backdoor; Anthropic says it's anti-abuse experiment Funding Bespoke Labs raises $40M for AI agent training environments; frontier labs abandon pure model scaling Chips NVIDIA denies Kyber NVL144 delay reports; roadmap remains intact for H2 2027 launch Funding Taktile raises $110M Series C from Goldman Sachs for AI decisioning in banks and insurers Funding Bespoke Labs raises $40M Series A to build realistic training grounds for long-horizon AI agents Market SpaceX stock slides to $148 post-Nasdaq 100 inclusion; analysts see AI data center, Starlink upside Market Together AI launches Provisioned Throughput for reserved open-model inference at 90% below closed APIs Market Meta breaks ground on $9B Alberta data center; first Canadian AI facility Chips Imec roadmap: 2.5D optical I/O cuts AI inference interconnect power from 1.25kW to <200W Breaking SpaceXAI releases Grok 4.5 at $2/$6 per MTok; claims parity with Opus 4.7, faster Breaking Grok 4.5 launches at $2/$6 per million tokens: SpaceXAI's economics play vs. Opus, not performance crown Funding Rapidus secures ¥267.6B ($1.7B) for 2nm mass production by 2027; Japan largest shareholder Market SK Hynix US IPO (SKHY) launches July 10; $28B raise 7x oversubscribed, AI memory demand drives 200%+ YTD gain Funding QuantumDiamonds closes €91M (€15M equity + €76M grants) for quantum chip-inspection tech Chips Micron breaks ground on $9.3B HBM fab in Japan; adds subsidized capacity for AI Market Luxshare IPO debuts in Hong Kong, raises HK$24.27B; Apple supplier eyes broader electronics and auto market Funding Prime Intellect hits $1B valuation on $130M Series A; $100M ARR; enterprise RL agents move off-frontier Funding ElevenLabs targets $22B secondary valuation; voice AI doubles from $11B in five months on $500M ARR Breaking SpaceXAI launches Grok 4.5 at Opus-class performance; $2/M input tokens vs Claude $5/M Market Blackstone QTS raises $870M via data center asset-backed securities; Nemotron benchmarks open vs closed models Breaking China flags Claude Code monitoring mechanism as security backdoor; Anthropic says it's anti-abuse experiment Funding Bespoke Labs raises $40M for AI agent training environments; frontier labs abandon pure model scaling Chips NVIDIA denies Kyber NVL144 delay reports; roadmap remains intact for H2 2027 launch Funding Taktile raises $110M Series C from Goldman Sachs for AI decisioning in banks and insurers Funding Bespoke Labs raises $40M Series A to build realistic training grounds for long-horizon AI agents Market SpaceX stock slides to $148 post-Nasdaq 100 inclusion; analysts see AI data center, Starlink upside Market Together AI launches Provisioned Throughput for reserved open-model inference at 90% below closed APIs Market Meta breaks ground on $9B Alberta data center; first Canadian AI facility

Market Thursday, July 9, 2026 at 04:35 AM

SK Hynix US IPO (SKHY) launches July 10; $28B raise 7x oversubscribed, AI memory demand drives 200%+ YTD gain

SK Hynix, South Korea's largest memory chip maker and key NVIDIA supplier, is set to launch its US Nasdaq debut on Friday, July 10, 2026, as American Depositary Receipts (SKHY). The IPO is raising $28 billion by selling approximately 18 million ADRs, making it one of the world's largest stock offerings. The offering has been oversubscribed more than 7 times, with cornerstone investors including Baillie Gifford (UK asset management), Coatue Management (US technology hedge fund), and Situational Awareness Partners (founded by former OpenAI researcher Leopold Aschenbrenner).

SK Hynix supplies memory—particularly high-bandwidth memory (HBM)—to NVIDIA and other AI chip makers. Its shares have surged more than 200% year-to-date, driven by insatiable demand for AI-capable infrastructure. On July 9, shares surged another 8% during Asian trading following the US IPO oversubscription announcement, recovering from temporary geopolitical volatility related to US-Iran tensions. The company's market exposure signals global capital confidence in AI memory demand persisting through 2026 and beyond.

For procurement architects and operators evaluating memory bottlenecks in AI infrastructure, SK Hynix's successful US listing validates HBM supply as a structurally tight market. The 7x oversubscription and cornerstone investor quality—hedge funds, institutional asset managers, and AI domain specialists—confirms that memory capacity, not just GPU supply, is now a strategic constraint in enterprise AI deployments. Expect announcements of SK Hynix capacity partnerships or preferred-customer tiers within weeks of the IPO close.

Sources

Primary source
tradingkey.com
“SK Hynix, which supplies Nvidia, has seen its shares climb more than 200% this year. The company plans to raise $28 billion from selling close to 18 million American Depositary Receipts (ADRs). The offering has been oversubscribed by more than 7 times.”
ts2.tech
“Chip demand is surging on AI growth and SK hynix, which supplies Nvidia, has seen its shares climb more than 200% this year. SK Hynix staging an exceptionally strong rebound in early trading today, primarily driven by its US initial public offering (IPO) being oversubscribed by 7 times.”