BlockBeats news: On July 6, here is a quick overview of key market news ahead of U.S. stock market opening:
1. SK Hynix's U.S. ADR offering has received oversubscription, with subscription closing at 4:00 p.m. Eastern Time on July 8. The company plans to issue 17.9 million ordinary shares, corresponding to 7.9 million American Depositary Shares (ADSs), with expected net proceeds from this U.S. IPO of approximately $28 billion.
2. Some research firms have stated that NVIDIA’s next-generation flagship product—the Kyber rack-scale architecture powered by the 2027 Rubin Ultra chip—has been delayed to 2028 for mass production;
3. Broadcom has reached an agreement with Apple to extend their chip partnership until 2031;
4. Micron Technology has launched an expansion project at its Hiroshima facility to increase production capacity for 1γ DRAM and HBM;
5. Tesla's new vehicle sales in the UK increased by 42.02% year-over-year in June to 12,403 units;
6. Kioxia and SanDisk have initiated production of their 10th-generation 3D flash memory products at their joint venture facility, Fab2, in Northern China;
7. Micron Technology and Ford Motor sign a strategic agreement to strengthen long-term storage supply and supply chain resilience.
8. Pre-market, semiconductor equipment and storage sectors surged collectively; KLAC rose over 6%, while SanDisk and Western Digital each gained more than 5%.
9. Spot gold and silver, as well as crude oil markets edged lower; spot gold traded at $4,139, down 0.85% on the day; U.S. crude fell 0.62%, while Brent crude declined 0.26%.