Alibaba's T-Head open-sources its AI chip software stack to challenge Nvidia's CUDA dominance, aiming to boost developer adoption and China's tech self-sufficiency amid US-China rivalry.
SK Hynix has successfully raised a record-breaking $26.5 billion through the sale of 177.9 million American Depositary Shares (ADS) at $149 each, ahead of its Nasdaq listing. This IPO marks the largest ever by a foreign company in the US and the second-largest globally, driven by immense demand for AI-related semiconductor chips.
SK Hynix's Nasdaq debut via ADRs aims to reduce its 'Korea discount,' a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its stock trades at a lower P/E ratio than rivals like Micron, though analysts expect the discount to narrow, not disappear.
South Korean chipmaker SK hynix will list its American depositary receipts on Nasdaq on Friday, aiming to raise approximately $26.5 billion. The move seeks to broaden access to global investors interested in the booming AI infrastructure market and enhance the company's long-term fundraising capabilities.
SK Hynix's Nasdaq debut via ADRs aims to reduce the 'Korea discount,' a valuation gap for South Korean firms. Despite leadership in HBM, SK Hynix trades at a lower P/E than rivals like Micron, due to governance concerns and limited access for foreign investors. The listing may improve access and ease investor concerns.
SK Hynix's Nasdaq debut via ADRs aims to reduce its "Korea discount," a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its P/E ratio is significantly lower than rivals like Micron, a gap experts believe the listing could narrow by improving investor access and familiarity.
South Korean chipmaker SK hynix plans to raise up to $28.14 billion through a stock offering linked to its American Depositary Receipts (ADRs) listing on Nasdaq. The funds will support factory construction and equipment purchases.
Nvidia is recruiting for over a dozen robotics roles in Beijing, Shanghai, and Shenzhen, focusing on embodied intelligence, simulation, and AI systems for humanoid robots like Project GR00T, aiming to accelerate real-world deployment of autonomous machines.
Micron's chief business officer acknowledged the growing capabilities and market share of Chinese chipmakers CXMT and YMTC, noting their output is primarily sold domestically. This validation comes as AI infrastructure spending reshapes the memory chip market, with Micron reporting record results and a strong outlook.
SK Hynix shares surged over 12% after announcing plans for a Nasdaq listing to raise up to $29.4 billion and following strong quarterly results from rival Micron, reinforcing expectations of persistent demand for AI memory chips.
South Korean stocks experienced their sharpest decline in over three months, with the KOSPI index dropping nearly 10% due to fears of an AI-driven semiconductor rally pushing valuations to unsustainable levels, triggering a market-wide sell-off and circuit breaker.
China's Supreme People's Court upheld a ban on Infineon Technologies selling GaN products, following a patent dispute with domestic rival Innoscience. The ruling caused Chinese semiconductor stocks to surge.
Nvidia CEO Jensen Huang is expected to meet with Krafton Inc. executives, including Executive Director Chang Byung-gyu, in Seoul this week to discuss potential partnerships in gaming and AI. Huang's visit also includes meetings with other major South Korean companies.
Spirit AI, a Chinese company, has claimed the top spot on the RoboArena global leaderboard for embodied intelligence, surpassing Nvidia's projects. This development highlights the intensifying tech competition between China and the US in the field of robotics.
South Korea's Kospi index has surged 100% this year, with Goldman Sachs raising its 12-month target to 12,000. The rally is driven by AI-linked chip giants like SK Hynix and Samsung Electronics, though concerns exist about market breadth and underlying economic vulnerabilities.
Nvidia introduced H2+ (Isaac GR00T), a new design aimed at streamlining humanoid robotics development, from data collection to real-world deployment. CEO Jensen Huang highlighted data as the primary challenge in agentic and physical AI systems during a keynote at Taipei's Computex conference.
Nvidia's CFO expressed uncertainty about generating revenue from China despite US license approvals for H200 shipments, as the company excludes China data center compute revenue from its outlook.
Nvidia reported record Q1 revenue of $81.6bn and net income of $58.3bn, driven by its data centre division. Despite stellar results and a raised dividend, shares fell as investors anticipate competition and demand for hypergrowth. The company also noted challenges in the Chinese market.
Samsung Electronics and SK hynix face labor disputes and political pressure to share record profits from the AI-driven semiconductor boom, sparking debates on wealth distribution in South Korea.
Samsung Electronics and SK Hynix, South Korea’s two memory chip giants, are warning of a prolonged and severe global supply crunch, weeks after the two companies disclosed increased investments in their China wafer fabs to meet surging artificial intelligence demand. During Samsung’s first-quarter earnings call on Thursday, the company said its order fulfilment rate had plunged to a “record low”. In a rare move, customers worried about shortages were already pre-booking memory capacity for 2027,...
ASML, the Dutch chip equipment maker monopolizing advanced semiconductor manufacturing machines, is cutting roughly 1,700 jobs (4% of its 44,000-person workforce). The layoffs target management and coordination roles, not engineers, with CEO Christophe Fouquet citing excessive layering and slow processes. The company will create around 1,400 new engineering roles. Over 1,000 employees staged a walkout in March, with unions calling for further protests at the shareholder meeting.
