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SK hynix targets $14B US IPO to fuel AI memory chip production and end RAMmageddon crisis

South Korean memory chip giant SK hynix has confidentially filed for a US IPO that could raise up to $14 billion in the second half of 2026. The company seeks to close a valuation gap with global peers while funding massive capital investments to meet surging demand for high-bandwidth memory chips that power AI systems. The move comes as the industry grapples with RAMmageddon, a critical memory shortage expected to persist until 2027.

Business4 sources

SK hynix targets $14B US IPO to fuel AI memory chip production and end RAMmageddon crisis

Business4 sources

HP unveils AI PCs with local assistant HP IQ, betting big on next generation of work PCs

HP introduced a sweeping refresh of its commercial PC lineup at HP Imagine 2026, unveiling AI-powered PCs with a new local AI assistant called HP IQ. The EliteBook 6 G2q features Snapdragon X2 processors with up to 85 TOPS NPU performance, while updated ZBook workstations target demanding AI workloads. HP is positioning these devices as the foundation for hybrid work, though enterprise adoption may face hurdles.

Technology3 sources

HP unveils AI PCs with local assistant HP IQ, betting big on next generation of work PCs

Technology3 sources

Agile Robots partners with Google DeepMind to deploy AI in 20,000+ industrial systems

Munich-based Agile Robots has entered a strategic research partnership with Google DeepMind to integrate Gemini Robotics foundation models into its robotic systems. The collaboration will leverage Agile Robots' 20,000+ deployed solutions worldwide to test AI-powered autonomous production systems across electronics manufacturing, automotive, data centers, and logistics sectors.

Technology3 sources

Agile Robots partners with Google DeepMind to deploy AI in 20,000+ industrial systems

Technology3 sources

Figure AI founder Brett Adcock unveils Hark, a new AI interface backed by $100 million

Serial entrepreneur Brett Adcock has launched Hark, a secretive AI lab building integrated hardware and foundation models designed to work as a seamless personal intelligence product. Backed by $100 million of his own money, the venture has recruited former Apple designer Abidur Chowdhury, who led the iPhone Air design team, to create AI devices that anticipate user needs and offload mental workload.

Technology4 sources

Figure AI founder Brett Adcock unveils Hark, a new AI interface backed by $100 million

Technology4 sources

SK hynix places record $8 billion ASML order for EUV lithography machines to fuel AI memory race

SK hynix has ordered $7.9 billion worth of EUV lithography equipment from ASML, the largest single EUV order ever publicly disclosed. The deal covers approximately 30 scanners to be delivered through December 2027, targeting HBM and advanced DRAM production as AI-driven memory demand surges. The strategic investment aims to secure supply ahead of competitors Samsung and TSMC.

Business2 sources

SK hynix places record $8 billion ASML order for EUV lithography machines to fuel AI memory race

Business2 sources

Alibaba unveils XuanTie C950 RISC-V chip designed for AI agents and cloud workloads

Alibaba revealed its XuanTie C950, claiming it's the most powerful RISC-V server chip available. Built on 5nm process technology, the processor runs at 3.2 GHz and is optimized for AI workloads including agentic AI and large language models. However, performance benchmarks suggest it trails western chips by several years, with capabilities comparable to Apple's 2020 M1 chip.

Technology3 sources

Alibaba unveils XuanTie C950 RISC-V chip designed for AI agents and cloud workloads

Technology3 sources

Broadcom sounds alarm as TSMC capacity constraints threaten AI chip supply through 2026

Broadcom has flagged critical supply constraints across the semiconductor industry, with TSMC hitting production capacity limits as soaring demand for AI chips strains global manufacturing. The bottleneck extends beyond semiconductors to lasers and printed circuit boards, prompting companies to secure multi-year supply agreements stretching three to four years.

Business3 sources

Broadcom sounds alarm as TSMC capacity constraints threaten AI chip supply through 2026

Business3 sources

Microsoft-backed Lace Lithography raises $40M to create chip designs 10 times smaller

Norway-based Lace Lithography has secured $40 million in Series A funding to develop helium atom beam lithography technology. The Microsoft-backed startup aims to create chip designs 10 times smaller than what's currently possible, potentially transforming semiconductor manufacturing with atomic resolution capabilities by 2029.

Technology3 sources

Microsoft-backed Lace Lithography raises $40M to create chip designs 10 times smaller

Technology3 sources

ZYT's AI autonomous driving system already outperforms its CEO on crowded Shenzhen streets

Chinese autonomous driving startup ZYT is set to unveil a mobility foundation model at Beijing's auto show in April that CEO Shen Shaojie admits drives better than he does. The DJI spin-off trained its AI on diverse video sources including drones and vacuum cleaners, creating a system that adapts across vehicle types without dedicated modules for detection.

Technology3 sources

ZYT's AI autonomous driving system already outperforms its CEO on crowded Shenzhen streets

Technology3 sources

Sony confirms AI frame generation for PlayStation as PSSR upscaling gets 100 microseconds faster

Mark Cerny reveals that machine learning-based frame generation will arrive on PlayStation platforms, though not in 2025. Sony's updated PSSR AI upscaling technology is now 100 microseconds faster than the original, co-developed with AMD through Project Amethyst. The enhanced upscaler delivers improved image stability and clarity across PS5 Pro titles.

Technology4 sources

Sony confirms AI frame generation for PlayStation as PSSR upscaling gets 100 microseconds faster

Technology4 sources

BlackRock's Larry Fink warns AI boom risks exacerbating wealth inequality for millions

BlackRock CEO Larry Fink used his annual shareholder letter to warn that AI threatens to intensify wealth inequality, with gains concentrated among companies and investors who financed the industry's growth. The $14 trillion asset manager chief called for broader participation in capital markets to ensure more people share in AI's economic value.

Business3 sources

BlackRock's Larry Fink warns AI boom risks exacerbating wealth inequality for millions

Business3 sources

Upstage in talks with AMD to acquire 10,000 MI355 chips for South Korea AI infrastructure

Korean AI startup Upstage is negotiating with AMD to purchase 10,000 MI355 AI accelerators, marking a strategic move to diversify beyond Nvidia chips. CEO Sung Kim met with AMD's Lisa Su in Seoul to discuss bringing large-scale AI compute infrastructure to South Korea, as local firms seek broader hardware options for domestic AI projects.

Business2 sources

Upstage in talks with AMD to acquire 10,000 MI355 chips for South Korea AI infrastructure

Business2 sources

Nvidia partners with major energy companies to build flexible AI factories that respond to grid needs

Nvidia announced a partnership with six major U.S. energy companies to develop a new class of AI factories designed to operate as flexible energy assets. The facilities will use Nvidia's Vera Rubin DSX architecture and can adjust computing workloads based on power grid conditions, potentially unlocking up to 100 gigawatts of underutilized capacity across the U.S. power system.

Technology4 sources

Nvidia partners with major energy companies to build flexible AI factories that respond to grid needs

Technology4 sources

Apple Store storage prices surge as AI data centers devour memory chips, SanDisk SSDs hit 200% hike

Apple Store has dramatically increased prices on external storage devices, with some SanDisk SSDs jumping 200% as AI data centers consume massive quantities of memory and storage chips. A 1TB SanDisk drive that cost $120 now sells for $360, while a 4TB model jumped from $500 to $1,200. The shortage is expected to worsen throughout 2026.

Business2 sources

Apple Store storage prices surge as AI data centers devour memory chips, SanDisk SSDs hit 200% hike

Business2 sources

Ecolab acquires CoolIT Systems for $4.75 billion to meet surging AI data center cooling demand

Water solutions company Ecolab has agreed to acquire CoolIT Systems from KKR for $4.75 billion in cash, marking a significant bet on the booming AI infrastructure market. The deal represents a dramatic valuation jump from CoolIT's $270 million price tag when KKR acquired it in 2023, reflecting the surging demand for advanced cooling solutions as tech giants race to build AI-capable data centers.

Business4 sources

Ecolab acquires CoolIT Systems for $4.75 billion to meet surging AI data center cooling demand

Business4 sources

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