AI Summary
5 min readSK Hynix Lands on Nasdaq in $26 Billion AI Bet
South Korean memory chipmaker SK Hynix raised more than $26 billion from its U.S. listing on Friday, landing on the Nasdaq as the latest trillion-dollar company riding the artificial intelligence boom. The company, which had previously traded only on the South Korean stock exchange, now gives American investors direct access to a stock that has surged more than eightfold over the past year. The listing ranks among the biggest share sales in history.
What SK Hynix Plans to Do With the Money
The company has said it principally plans to spend the capital in South Korea, building more memory chip factories and buying equipment to expand capacity. The core problem, according to WSJ Asia Business and Finance Editor Peter Landers, is that SK Hynix "doesn't have enough product to serve to the customers." Demand for memory chips is soaring as AI companies and hyperscalers build out infrastructure. Analysts expect SK Hynix to reach near $150 billion in net income this year — a remarkable turnaround for a company that was losing money three years ago.
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What you'll learn
- 1 (00:34) **SK Hynix Lands on Nasdaq with $26B+ Listing** - The South Korean memory chipmaker, now a trillion-dollar company, begins trading on the Nasdaq, opening up access to US investors.
- 2 (04:51) **EU Says Meta Failed to Protect Users from Addictive Apps** - An EU investigation finds Meta’s Instagram and Facebook did not do enough to protect users from physical and mental harm.
- 3 (06:15) **Netflix Explores Live Channels and Subscription Bundles** - After subscriber engagement showed signs of decline, Netflix is discussing adding live channels and bundles, including with NBCUniversal’s Peacock.
- 4 (07:37) **AI Data Center Boom Strains Turbine Part Manufacturers** - Surging demand from aviation and data centers is squeezing the four Western companies that make highly specialized turbine parts.
- 5 (10:01) **Israel Shares Intelligence of Iranian Plot to Kill President Trump** - New intelligence from Israel indicates a fresh, concrete Iranian plot to assassinate President Trump.
- 6 (12:28) **Trump’s Gaza Peace Plan Struggles to Deploy Peacekeepers** - The plan to secure Gaza with 20,000 international peacekeepers is facing roadblocks, with even an initial deployment of Moroccan troops delayed.
- 7 (13:06) **OpenAI Executive Steps Down Ahead of Planned IPO** - A major leadership change occurs as a key executive departs following medical leave, forcing CEO Sam Altman to find an alternative for a role expected to lead the company post-IPO.
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Show Notes
A.M. Edition for July 10. The South Korean chip-making giant raised more than $26 billion in the largest share sale by a non-U.S. company. Plus, the EU says Meta failed to protect Instagram and Facebook users from harm caused by addictive apps. And WSJ Middle East correspondent Anat Peled details how Israel learned of a new Iranian plot to kill President Trump. Daniel Bach hosts.
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