Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Zhipu AI Stock Jumps on Report of Custom AI Chip Development Plans 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
EU to Propose New Rules Limiting Children's Access to Social Media 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
SK Hynix Inc (KS:000660), a key memory chip supplier to Nvidia, posted record second-quarter earnings fueled by booming demand from the artificial intelligence sector. The South Korean chipmaker’s operating profit soared 69% year-on-year to 9.2 trillion won ($6.69 billion), exceeding Reuters’ forecast of 9 trillion won. Revenue climbed 35% to 22.2 trillion won, driven by robust sales of high-bandwidth memory (HBM) chips used in AI processors.
The company recently surpassed Samsung Electronics (KS:005930) to become the world’s largest memory chip maker, cementing its leadership in advanced HBM technology critical for AI computing. SK Hynix expects strong demand to persist into late 2025 and 2026, citing “low likelihood of sharp decline” in market conditions. To meet growing customer requirements, the firm plans to boost capital expenditure in the coming quarters.
However, potential challenges loom. U.S. President Donald Trump’s proposed tariffs on semiconductor imports could pressure profitability, while Goldman Sachs recently downgraded SK Hynix to Neutral, citing rising competition in the HBM segment and potential price declines by 2026.
The earnings report highlights how AI-driven growth is reshaping the global semiconductor market, with memory chip makers like SK Hynix emerging as critical suppliers to leading AI players such as Nvidia.
