Semiconductors & AI Chips Weekly Briefing

July 10, 2026

Samsung reports record profits and SK Hynix makes a historic $26.5 billion U.S. debut as global investments in AI infrastructure and custom chips accelerate and more.

Samsung Electronics reported a 19-fold increase in quarterly operating profit, a milestone that initially fueled market fears of a peak in the semiconductor cycle and triggered a significant sell-off in Korean stocks. ¹²³⁴⁵
SK Hynix raised $26.5 billion in its U.S. debut, marking the largest foreign listing in American history, while simultaneously committing $8.6 billion to acquire advanced EUV lithography equipment from ASML. ^67891011
Micron Technology accelerated its domestic expansion by raising its U.S. investment target to $250 billion through 2035, breaking ground on a major New York facility and securing long-term supply deals with Ford and Meta. ^{1213141516171819}
Nvidia faced conflicting reports regarding a potential delay of its next-generation Kyber AI rack system to 2028, even as it expanded its software ecosystem and deepened infrastructure partnerships with Marvell and Palantir. ^202122232425
Broadcom and OpenAI unveiled 'Jalapeño,' OpenAI's first custom intelligence processor, while Apple extended its multi-billion dollar wireless chip supply agreement with Broadcom through 2031. ^26272829
Chinese AI firms are reportedly accelerating the development of custom ASICs and transitioning to domestic silicon suppliers to mitigate the impact of U.S. export restrictions and reduced access to Nvidia hardware. ^30313233
Other notable developments include AMD landing a major AI infrastructure alliance, Qualcomm entering talks to acquire Modular Inc. for $4 billion, and a critical 'Januscape' security vulnerability affecting Intel and AMD Linux KVM systems. ^3435363738

Semiconductors & AI Chips Weekly Briefing

Sources