SK Hynix Raises $26.5 Billion in Largest Foreign US Listing
SK Hynix raised $26.5 billion in its Nasdaq debut, the largest US listing ever by a foreign company, as investors rushed to buy into the AI memory chip boom.
Cloud & Infrastructure
Analysis of data centres, chips, semiconductors, edge computing and AI infrastructure powering the digital economy. Understand how next-generation computing resources, connectivity and hardware ecosystems support growth of online services and artificial intelligence worldwide. This category tracks the unseen backbone of modern technology.
Meta to Start Making Its Iris AI Chip in September, Memo Shows
Meta plans to begin manufacturing its in-house Iris AI chip in September as it aims to double computing capacity to 14 gigawatts next year and cut its reliance on Nvidia.
Meta to Build Its First Canadian Data Center in Alberta
Meta will build its first Canadian data center, a 1-gigawatt AI facility in Alberta costing about C$13 billion, powered largely by a dedicated natural gas plant.
Apple Commits Over $30 Billion to Broadcom for US-Made Chips
By
Samantha Reed
• 3 mins read
Apple expanded its partnership with Broadcom in a multi-year deal worth more than $30 billion, its largest US manufacturing commitment, to produce over 15 billion American-made chips.
Musk’s xAI Rebrands to SpaceXAI, Completing SpaceX Merger
By
Samantha Reed
• 3 mins read
Elon Musk’s xAI has rebranded to SpaceXAI, folding its Grok chatbot and X into SpaceX and signaling that AI, not rockets, is now central to the space company’s strategy.
Nvidia’s Kyber AI Rack Reportedly Delayed to 2028 on Board Snag
By
Olivia Grant
• 3 mins read
Nvidia’s Kyber rack for its 2027 Rubin Ultra chips has slipped more than a year to 2028 over a hard-to-manufacture circuit board, SemiAnalysis says, with no proven fallback.
Magnificent 7 Sheds $2.3 Trillion in June on AI Spending Doubts
By
Samantha Reed
• 3 mins read
About $2.3 trillion was wiped from the Magnificent 7 in June as investors questioned Big Tech’s huge AI spending, even as chip and memory stocks kept climbing.
Extreme Heat and Severe Weather Emerge as Threats to AI Data Centers
By
Olivia Grant
• 3 mins read
A record European heatwave is highlighting a growing threat to the AI boom: extreme weather that stresses data centers and the power grids they depend on at once.
South Korea Unveils $880 Billion Chip and AI Investment Drive
By
Olivia Grant
• 3 mins read
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
Google Caps Meta’s Use of Gemini AI Amid Compute Shortage
By
Samantha Reed
• 3 mins read
Google has limited Meta’s use of its Gemini AI models after Meta sought more computing capacity than Google could supply, delaying some of Meta’s internal projects.
Anthropic Races to Build AI Compute Capacity in Asia-Pacific
By
Samantha Reed
• 3 mins read
Anthropic is hiring across Australia and Japan to expand its AI data center capacity in Asia-Pacific, as soaring demand for Claude strains its infrastructure.
OpenAI and Broadcom Unveil Jalapeño Custom AI Inference Chip
By
Olivia Grant
• 2 mins read
OpenAI and Broadcom have unveiled Jalapeño, OpenAI’s first custom AI accelerator chip designed specifically for large language model inference.
SK Hynix Files to Raise $29 Billion in Nasdaq ADR Listing
By
Samantha Reed
• 3 mins read
SK Hynix filed to raise about $29 billion through a Nasdaq ADR listing set for July 10, roughly double earlier estimates, to fund its AI memory expansion.
Nvidia and Firebird Just Signed a $10 Billion AI Deal With Kazakhstan
By
Olivia Grant
• 3 mins read
Kazakhstan’s Data Center Valley would deploy 100,000 Nvidia GPUs near cheap power by 2027, though analysts flag execution risk after a history of stalled deals
SpaceX Shares Expected to Open 29% Above IPO Price in Nasdaq Debut
By
AIstify Team
• 1 min read
SpaceX shares are expected to begin trading around $171 on Nasdaq, nearly 29% above the company’s IPO price of $135 per share.