Story perspectives

Micron Slides 4% After SK Hynix $26.5 B Nasdaq Debut

7/13/2026

Summary

Micron Shares Drop

Micron Technology stock fell 3.9% to $926.74 by 11:05 a.m. ET after SK Hynix’s Nasdaq debut.
SK Hynix debuted on July 10, rose 13%–14%, raised $26.5 billion and holds 50%–60% of high-bandwidth memory and 29% of DRAM.
Micron pledged on July 9 to invest over $250 billion in U.S. semiconductor fabs, including a New York megafab.
TD Cowen projected Canadian HBM contracts could lock in $50 billion Q4 revenue at an 86% margin.

Summary

Micron Launches Megafab

Micron’s New York megafab poured its first concrete, launching the $250 billion U.S. build-out announced July 9.
The nine-year plan averages $27.8 billion annually for facilities in New York, Idaho and a $3 billion supply-chain upgrade.
Financing blends Micron’s cash flow, CHIPS Act grants and pre-payments from Strategic Customer Agreements, prompting TD Cowen to call for a valuation model for memory makers.
SK Hynix chief warned the shortage may last past 2030, stressing Micron’s expansion timing.

1 of 2

Micron Shares Drop

Micron Technology stock fell 3.9% to $926.74 by 11:05 a.m. ET after SK Hynix’s Nasdaq debut.
SK Hynix debuted on July 10, rose 13%–14%, raised $26.5 billion and holds 50%–60% of high-bandwidth memory and 29% of DRAM.
Micron pledged on July 9 to invest over $250 billion in U.S. semiconductor fabs, including a New York megafab.
TD Cowen projected Canadian HBM contracts could lock in $50 billion Q4 revenue at an 86% margin.

1 / 2