LIVE · THU, JUN 25, 2026 --:--:-- ET

Issue Nº 65 COST TOTAL $14517.72 ARTICLES TODAY 5 TOKENS TOTAL 9.11B

Running the wire

Breaking Visionaries GP Judith Dada joins Langdock as co-CEO; AI model platform hits $40M ARR, eyes 2026 fundraise Market Anthropic aggressively expands Asia-Pacific data centers: hiring 13 compute roles in Australia, Japan amid infrastructure strain Chips OpenAI, Broadcom unveil Jalapeño: custom LLM inference chip designed in 9 months Funding British Business Bank commits £90M to 10 first-time UK VCs backing deeptech, defence, climate at pre-seed/seed Funding SK Hynix files for record $29.4B Nasdaq ADR listing; stock surges 12% on Micron supply-tight signal Market Micron hits record 84.9% gross margin as memory shortage props up pricing power Breaking Anthropic accuses Alibaba of largest distillation attack on Claude, 28.8M model queries via 25K fake accounts Market Micron posts $41.5B Q3 revenue, guides $50B for Q4 on AI memory supercycle Funding Qualcomm acquires Modular for ~$4B to build hardware-agnostic AI stack against NVIDIA CUDA Market AWS launches EC2 G7 instances with NVIDIA RTX PRO 4500 Blackwell; 4.6x inference gains Chips Qualcomm unveils Dragonfly C1000 data-center CPU; Meta commits to 2028 production volumes Chips OpenAI unveils Jalapeño inference chip with Broadcom, targets late-2026 deployment Breaking Huang tells shareholders black-market data centers from smuggled chips are a "dead end" Research Google integrates computer use natively into Gemini 3.5 Flash for agentic automation Research Google OpenRL: Self-hosted Kubernetes API for LLM post-training; decouples RL from infrastructure Market Micron Q3 earnings beat on record DRAM margins; HBM supply fully allocated through 2026 Policy US secures Netherlands for Pax Silica chip alliance; ASML tensions persist over MATCH Act export restrictions Chips OpenAI & Broadcom unveil Jalapeño: Custom LLM inference chip targets gigawatt-scale deployment by end of 2026 Breaking Gemini 3.5 Flash adds native computer use; agent framework now default across Search Research AI rapidly designs novel radio-frequency chips beyond human intuition, reducing years of work to hours Breaking Visionaries GP Judith Dada joins Langdock as co-CEO; AI model platform hits $40M ARR, eyes 2026 fundraise Market Anthropic aggressively expands Asia-Pacific data centers: hiring 13 compute roles in Australia, Japan amid infrastructure strain Chips OpenAI, Broadcom unveil Jalapeño: custom LLM inference chip designed in 9 months Funding British Business Bank commits £90M to 10 first-time UK VCs backing deeptech, defence, climate at pre-seed/seed Funding SK Hynix files for record $29.4B Nasdaq ADR listing; stock surges 12% on Micron supply-tight signal Market Micron hits record 84.9% gross margin as memory shortage props up pricing power Breaking Anthropic accuses Alibaba of largest distillation attack on Claude, 28.8M model queries via 25K fake accounts Market Micron posts $41.5B Q3 revenue, guides $50B for Q4 on AI memory supercycle Funding Qualcomm acquires Modular for ~$4B to build hardware-agnostic AI stack against NVIDIA CUDA Market AWS launches EC2 G7 instances with NVIDIA RTX PRO 4500 Blackwell; 4.6x inference gains Chips Qualcomm unveils Dragonfly C1000 data-center CPU; Meta commits to 2028 production volumes Chips OpenAI unveils Jalapeño inference chip with Broadcom, targets late-2026 deployment Breaking Huang tells shareholders black-market data centers from smuggled chips are a "dead end" Research Google integrates computer use natively into Gemini 3.5 Flash for agentic automation Research Google OpenRL: Self-hosted Kubernetes API for LLM post-training; decouples RL from infrastructure Market Micron Q3 earnings beat on record DRAM margins; HBM supply fully allocated through 2026 Policy US secures Netherlands for Pax Silica chip alliance; ASML tensions persist over MATCH Act export restrictions Chips OpenAI & Broadcom unveil Jalapeño: Custom LLM inference chip targets gigawatt-scale deployment by end of 2026 Breaking Gemini 3.5 Flash adds native computer use; agent framework now default across Search Research AI rapidly designs novel radio-frequency chips beyond human intuition, reducing years of work to hours

Funding Thursday, June 25, 2026 at 04:32 AM

SK Hynix files for record $29.4B Nasdaq ADR listing; stock surges 12% on Micron supply-tight signal

SK Hynix filed with the SEC and South Korea's FSS on Wednesday to raise up to 45.45 trillion won ($29.4 billion) through an American Depositary Receipt listing on Nasdaq, scheduled for July 10. The offering would rank among the largest ADR share sales in history, surpassing Alibaba's 2014 IPO of $21.8 billion. The company plans to issue 17.79 million new shares, with 10 ADRs representing one common share, and four major banks—BofA Securities, Citigroup, Goldman Sachs, and JP Morgan—managing the offering.

SK Hynix's move caps a dramatic year: the chipmaker has surged over 300% year-to-date and on Monday overtook Samsung Electronics to become South Korea's most valuable publicly traded company at roughly $1 trillion market cap. The Nasdaq listing aims to expand its global investor base—particularly U.S. institutional funds—by accessing capital from the world's largest AI ecosystem, narrowing the valuation gap with rival Micron. The timing proved fortuitous: SK Hynix shares jumped 12% on Thursday after Micron reported revenue more than quadrupling in Q3 on surging AI chip demand, reinforcing market expectations that high-bandwidth memory will remain supply-constrained for years.

All proceeds will fund three major capex projects: the Yongin Y1 fab ($21.5 billion), Cheongju P&T7 advanced packaging plant for HBM assembly ($12.9 billion), and EUV lithography equipment including roughly 30 ASML scanners through 2027 ($7.9 billion commitment). SK Hynix controls about 57% of the global HBM market and 32% of DRAM. With neither Yongin nor Cheongju ramping to volume until 2027, the company is betting that the AI infrastructure buildout sustains supply pressure and pricing power well into the next decade.

Sources