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Global Market: SK Hynix's Nasdaq ADR debut raises $26.5 billion amid AI chip boomSouth Korean chipmaker SK Hynix successfully raised $26.5 billion through its ADR offering. This significant fundraising highlights robust ...
SK Hynix advisors win big fee windfall after modest SpaceX paydayThe fees equate to about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal...
US semiconductor boom faces worker shortage amid race with ChinaUS China semiconductor race: A significant skilled worker shortage could delay new US semiconductor plant construction. This talent crunch ...
SK Hynix's $28 billion US share sale draws more than seven times demand: ReportsSK Hynix's proposed $28 billion share sale in the US saw demand exceed offerings by seven times. This strong investor response highlights s...
Global Market Today: Asian shares rise as chips rally, oil advancesAsian shares advanced, led by a rally in chipmakers and South Korean stocks. Oil prices extended their gains for a third day, reaching abou...
Broadcom shares jump over 2% after Apple announces $30 billion chip dealBroadcom shares gained after Apple announced a multi-year chip supply agreement exceeding $30 billion. The deal expands US manufacturing, s...
Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expandApple will invest over $30 billion in a new chip supply deal. As part of the deal, Broadcom will spend $1.5 billion to expand a factory in...
Global Market: South Korea steps up market monitoring as chip-driven volatility rattles stocksSouth Korean economic officials will closely monitor factors causing market volatility. Sharp swings in chip shares have unsettled investor...
South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fa...
US stocks today: S&P 500, Nasdaq end lower as AI worries hit chipmakersU.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. Losses in Micron and other semicond...
Synopsys to cut chip fab manufacturing control software in shift to AI designSynopsys plans to stop offering manufacturing process control software. This move allows the company to divert resources to higher-margin A...
Micron, Ford sign semiconductor supply agreement for vehiclesMicron Technology has inked a significant long-term deal with Ford Motor, ensuring a steady supply of essential memory and storage chips fo...
South Korea's SK Hynix to launch $28 billion US listing to ride global AI waveThe company will sell 17.79 million new shares in the depository receipt listing on the Nasdaq, making it one of the world's most valuabl...
AI capex cycle likely to end with market pushback, not spending cuts: JefferiesGlobal brokerage Jefferies suggests the AI investment boom might falter not due to tech giants cutting spending, but investor impatience fo...
Chipmaker Kioxia ships next-gen memory samples as AI boom fuels dramatic comebackThe growth of AI has fueled a remarkable turnaround for Kioxia, which was previously seen as an example of Japan's chipmaking struggles but...
SK Hynix to spend $64 billion on chip plants under broader AI-driven investment planSK Hynix is investing a massive 100 trillion won ($64.38 billion) to build new chip plants, including a NAND flash memory facility, in Cheo...
Global Market: South Korean shares end flat as chipmakers cut losses on 'mega project' announcementSouth Korean markets saw a mixed close Monday as chipmakers recovered from initial sharp declines following a massive $576 billion AI and d...