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Industry

SK Hynix to livestream groundbreaking for Indiana packaging plant

SK Hynix said it will hold a groundbreaking ceremony at Purdue University in Indiana at 11 p.m. on Aug. 27 Korea time for an advanced packaging production base for AI memory. CEO Kwak Noh-jung and other SK Group executives, along with key Indiana officials, will attend. The company plans to livestream the event on YouTube. The site in West Lafayette involves a $3.87 billion investment, with mass production slated for the second half of 2028.

Crypto

U.S. Senate introduces quantum technology bill; will post-quantum cryptography adoption speed up

A U.S. Senate bill to support development of quantum technology has been submitted, with a focus on next-generation quantum sensors and strengthening supply chains. The proposal would require the Pentagon to designate three priority quantum sensor projects within 60 days and deploy them by Sept. 30, 2028. It also calls for joint plans with agencies and private companies. Attention is on a possible acceleration of post-quantum cryptography adoption and its impact on crypto security.

Industry

U.S. biotech Axiom chooses Hong Kong over Nasdaq for first listing

U.S. biotech Axiom Biosciences has chosen Hong Kong, not a U.S. exchange, for its first stock market listing. The San Diego-based company is pursuing a Hong Kong listing in 2027 and is considering a secondary U.S. listing in 2029. Axiom expects Hong Kong to provide access to specialist biotech investors and expand cooperation with Asian clinical trial and commercialization partners amid shifting global biotech financing conditions.