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IPO Overview Confidential Form F‑1 filed, targeting the second half of 2026. Proposed raise: $10 billion to $14 billion, equivalent to issuing roughly 2 % of existing shares. Current market cap: about $440 billion. Issuing 2 % of a $440 billion company would normally generate ~$8.8 billion; the higher $10‑14 billion range implies a modest premium, helping lift the share price toward U.S. peer multiples. Valuation Gap & Peer Comparison SK hynix trades at a discount to U.S. listed peers such as Micron despite comparable HBM capacity. Analyst notes that geography, not fundamentals, drives the gap. Cross‑listing could mirror TSMC's experience, where U.S.‑listed shares command a premium during AI‑driven demand spikes. Shareholder Structure Largest shareholder SK Square holds 20.07 % (Dec 2025), just above Korea’s 20 % holding‑company floor. The IPO design allows SK Square to retain its stake while still raising capital. Capital Deployment Plans Target net cash: $75 billion (≈100 trillion KRW) to fund AI‑era growth. Long‑term investment: $400 billion by 2050 for a semiconductor cluster in Yongin, South Korea. New facilities: $25 billion in South Korea and $3.3 billion in Indiana, USA. EUV lithography acquisition from ASML: $7.9 billion deal slated for completion by 2027 to boost HBM output. Industry Ripple Effects Investors urging Samsung Electronics to consider a similar U.S. ADR listing. Major shareholder Artisan Partners cites valuation uplift and broader U.S. retail access as benefits. Memory shortage dubbed “RAMmageddon” could persist through 2027, pressuring all AI‑focused chipmakers. Tech firms like Google are tackling the bottleneck with software solutions such as the TurboQuant memory‑compression algorithm. Strategic Implications The IPO not only provides immediate funding but also signals SK hynix’s intent to align its market valuation with global peers, potentially reshaping capital flows into the AI‑chip supply chain. If successful, the move may set a precedent for other Korean semiconductor firms seeking U.S. market exposure.

George Fouracres, a name that's been making waves in the comedy and theatre scenes, has finally found a mass audience for his expansive talent with Saturday Night Live UK. This 36-year-old comedian and actor has been known to comedy- and theatre-watchers for years, particularly with his viral video '“What kind of Irish is your grandad?”' and his portrayal of Keir Starmer on the show.Fouracres' journey to stardom began as a sketch comic and solo performer. He was part of the sketch group Daphne, alongside Phil Wang and Jason Forbes, which gained success on the fringe and led to a Radio 4 series. Wang describes Fouracres as having a 'real mastery of comedic timing, tone and just pure comedic instinct'. His ability to bring characters to life has been a hallmark of his performances.Fouracres' theatre career includes playing Hamlet at the Globe and various roles at Shakespeare's Globe, including Puck, one of the Dromios, and Falstaff in The Merry Wives of Windsor. His performance in Hamlet was described as 'a wild, wild ride' by Time Out London. Sean Holmes, associate artistic director of Shakespeare's Globe, praises Fouracres as 'a bit of a genius' with an 'incredibly alive intelligence'.His recent role as Andrew Lloyd Webber in Flo & Joan's musical was noted for its gale-force performance and sardonic joy. The Dempsey sisters praised Fouracres for bringing 'all of those different qualities to a human being'. With SNL UK, Fouracres' anarchic energy has drawn comparisons to John Belushi, the legendary originator of SNL.As seven more episodes of SNL UK are set to air, Fouracres' moment in the spotlight is just beginning. His distinctive career has already garnered attention, and fans are eager to see more of his talent on display.

As its title suggests, this musical about Claude Monet is full of reflections – fittingly so given the artist's preoccupation with light. In 1916, while struggling to complete The Water Lilies with cataracts, the ageing painter (Jeff Shankley) retreats into memories of his early career. His single-minded younger self (Dean John-Wilson) may be about to change art forever, but looking back, all Monet sees is the personal cost of his drive, particularly his mistreatment of his first wife, muse and mother of his children, Camille (Brooke Bazarian).For a man usually defined by his success, this alternative reflection is refreshing. Also bouncing back at Monet are his peers' struggles, the artistic establishment's dismissal of impressionism, and art's relationship to war and women. So abundant are these reflections, in fact, that Carmel Owen's ambitious book at times becomes a house of mirrors – enticing but with a distractingly split focus.There are certainly strengths, though, not least Libby Todd's set: a floor-to-ceiling jumble of empty canvases, which fill with huge impressionist paintings, vivid washes of coloured light and animated backdrops rendered in flickering brushstrokes. It's an invitation to step inside the artistic movement that favoured feeling over realism.Director Christian Durham has an accomplished cast on his hands. Shankley brings moving introspection (and a brilliant turn as a sniffy Paris salon clerk), while Bazarian and John-Wilson deliver standout singing on a stage full of mighty voices. Their connection, however, is outshone by those between young Monet and his fellow impressionist upstarts Bazille (a lovable Ritesh Manugula) and Renoir (a breezy Sam Peggs), whose moments together are the show's strongest. They fizz with the impatience of young rebellion, and their bickering, which provides much-needed moments of gentle humour, gives way to genuine devotion.An excellent eight-piece orchestra takes on Owen's songs, which lead us aptly through the story's tonal beats – lush strings for young love; jaunty woodwind for bantering artists. But none are distinctive enough to reach the heights of "hum it all the way home".Like Monet's, this musical's ambition sometimes comes at a cost, but it still lands in a place of beauty and deep feeling.

Paris Saint-Germain's highly anticipated visit to Lens in Ligue 1 has been postponed to May 13, allowing the team more time to focus on their upcoming Champions League quarter-final against Liverpool. The match, initially scheduled for April 11, could have significant implications for the Ligue 1 title race, with PSG currently leading Lens by a single point.The decision to reschedule the match has been met with some resistance from Lens, who expressed concerns that the French league is being treated as an adjustment variable to accommodate the European imperatives of certain teams. The Ligue de Football Professionnel justified the move by citing the strategic goal of helping France maintain its fifth place in the UEFA coefficient rankings, which would secure four places in the Champions League.PSG is set to face Liverpool in the Champions League quarter-final on April 8 at the Parc de Princes, with the second leg taking place at Anfield six days later. This extra time could prove crucial for PSG as they look to advance in the competition.In addition to the PSG-Lens match, Strasbourg's visit to Brest on April 12 has also been rescheduled to May 13, as Strasbourg prepares for their Europa Conference League last-eight games against Mainz.

Baz Luhrmann's Romeo+Juliet has stood the test of time, remaining a vibrant and captivating film thirty years after its release. This modern retelling of Shakespeare's timeless tragedy, set in a fictional Verona Beach with Mexico City as its backdrop, was a critical and commercial success upon its debut.The film's irreverent and questioning approach to the classic tale resonated with audiences, offering a fresh take on the star-crossed lovers' story. Luhrmann's vision, co-scripted with Craig Pearce, preserved the original text while infusing it with a sunburst of energy and a unique blend of style and substance.The cast, including Leonardo DiCaprio as Romeo and Claire Danes as Juliet, delivered memorable performances that brought depth and nuance to their characters. The supporting cast, featuring Harold Perrineau as Mercutio and Paul Rudd as Paris, added to the film's richness and complexity.Luhrmann's direction and the film's lurid 90s crime-chic design have aged remarkably well, with the movie's themes of love, transgression, and tragedy remaining as relevant today as they were upon its initial release. Romeo+Juliet is a testament to the enduring power of Shakespeare's work and Luhrmann's innovative vision.The film's re-release in UK cinemas on March 27 offers a new generation of audiences the opportunity to experience this joyful tragedy on the big screen, and it is sure to continue to captivate and inspire viewers for years to come.

The V&A; Museum's lavish spring show, Schiaparelli: Fashion Becomes Art, is a surrealist's dream come true. The exhibition takes visitors on a journey through the life and work of Elsa Schiaparelli, a fashion designer who defied conventions and pushed the boundaries of art and fashion.Schiaparelli's designs are a whimsical and witty blend of art, culture, and fashion. From a shoe that becomes a hat to a telephone dial that transforms into a compact mirror, each piece is a testament to her innovative spirit and creative genius.The exhibition features collaborations with famous artists like Salvador Dalí and Jean Cocteau, showcasing iconic pieces such as the lobster telephone and the skeleton dress. These works demonstrate Schiaparelli's ability to merge fashion and art, creating something truly unique and groundbreaking.Elsa Schiaparelli was a trailblazer in her own right, launching her fashion career in Paris in the 1930s and quickly gaining recognition for her trompe l'oeil sweaters and shocking pink designs. Her legacy continues to inspire designers today, including Daniel Roseberry, who has been spearheading the brand's revival since 2019.The exhibition also features modern pieces that showcase the brand's continued commitment to innovative design and artistic collaboration. From a golden breastplate worn by Bella Hadid at Cannes to a robot baby made from old flip phones and circuit board shards, these works demonstrate the brand's ongoing dialogue with art and culture.Schiaparelli: Fashion Becomes Art is a must-see exhibition for anyone interested in fashion, art, and culture. It challenges visitors to think differently about the relationship between fashion and art, and showcases the enduring legacy of Elsa Schiaparelli's surrealist designs.

The UK government is set to trial social media curbs for teenagers in a major study aimed at understanding the impact of reduced social media use on young people's lives. Hundreds of UK teenagers will participate in the six-week pilot, which will test different restrictions on social media use, including bans, digital curfews, and time limits on popular apps like Instagram, TikTok, and Snapchat.The trial, led by the UK government, will involve 300 teens across all four nations of the UK, with some participants having their social apps disabled, while others will have access blocked overnight or capped to one hour's use. The goal is to gather evidence on how different restrictions affect young people's day-to-day lives.Technology Secretary Liz Kendall emphasized the importance of testing different options in the real world, stating that the pilots will provide the evidence needed to take the next steps, informed by the experiences of families themselves.The pilot is part of a broader effort to address concerns about the mental health risks associated with unfettered internet access. Nearly 30,000 parents and children have responded to the government's digital wellbeing consultation, which closes on May 26. An independent study, funded by the Wellcome Trust, will also examine the impact of reducing social media use among adolescents.The study, involving about 4,000 students between the ages of 12 and 15 from 10 Bradford secondary schools, will investigate changes in anxiety and sleep quality, time spent with friends and family, wellbeing, body image, social comparison, school absences, and bullying.The UK government faces pressure to follow Australia's move to ban access to social media sites for under-16s, with France, Spain, and Indonesia also considering similar bans. The European parliament has passed a resolution on age restrictions, although it is not legally binding.Critics argue that the pilot is a half-measure that puts pressure on parents rather than holding big tech accountable for the harm caused by social media. Bereaved parents have written to parliamentarians, urging them to support a ban and expressing concern about the consultation process.

Denis Lavant delivers a captivating performance in 'Redoubt', a Swedish film directed by John Skoog. Lavant plays Karl-Göran Persson, a farmhand from rural Sweden who becomes fixated on transforming his humble shack into a public shelter, dubbed a 'redoubt', in preparation for a potential nuclear catastrophe.The film, shot in stunning monochrome, chronicles Persson's journey as he scours the countryside for materials to fortify his shelter. His obsession is sparked by an official pamphlet warning citizens of the impending threat of nuclear war. As Persson works tirelessly on his project, he faces a mix of curiosity and hostility from the local community.Lavant's portrayal of Persson is both intriguing and vulnerable, evoking comparisons to iconic characters like Quasimodo and Nosferatu. The actor also showcases his musical talents on the accordion and even appears to hypnotize a chicken. Despite the film's static nature, which may leave viewers questioning its direction, Lavant's performance is unforgettable.'Redoubt' is a thought-provoking exploration of loneliness, fear, and community. While the film's conclusion may seem ambiguous, it ultimately presents a poignant reflection on the human condition. With its unique blend of drama and social commentary, 'Redoubt' is set to leave a lasting impression on audiences when it hits UK cinemas on March 27.

Australian swimmer Cameron McEvoy has achieved a lifelong dream by breaking the 50m freestyle world record with a time of 20.88 seconds at the China Open. The Queenslander shattered the longstanding record by three hundredths of a second, a mark set during the era of now-banned super-suits.The 31-year-old athlete expressed his surprise and delight at achieving this milestone ahead of schedule. "That was more of a target for the end of this season, so to have hit it at the moment in March is really special," McEvoy stated upon returning to Brisbane.McEvoy's journey to swimming's pinnacle has been unconventional. Having made his Olympic debut in London as a teenager in 2012, he won bronze medals in relays in Rio and Tokyo before securing his first individual Olympic gold in Paris in 2024 at age 30—well past the typical peak age for elite sprinters.His remarkable rise to dominance stems from a radical rethinking of his training methodology. McEvoy abandoned traditional long pool sessions in favor of strength training and short, explosive sets that mimic the specific requirements of the 50m event. This year, he took an even more extreme approach."I had an off-season which was mainly strength development, and I've barely done much swimming since the [August] World Champs last year, up until this comp," McEvoy explained. "And then this comp was meant to be the transition door into going into more of a sprint-focused regime, but because I got the world record and I've made steps, the idea is just to double down on this and not change it, see how far this can actually take me."The previous world record-holder, César Cielo, congratulated the Australian on his "incredible" swim, sharing a profound insight: "You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."McEvoy's innovative approach has resonated beyond his own achievements. He receives weekly messages from both elite athletes and former swimmers who have returned to the sport inspired by his methods. "The amount of them that are saying that they're doing lifetime best times and they're deep into their 40s, compared to when they were training full-time in their teens, it's pretty incredible," he noted.Looking ahead, the Australian swimmer has set his sights on future Olympic Games. "I've still got my eyes on LA, I definitely have my eyes on the home Games here in Brisbane, and so I'll just keep at it every year and just take it one step at a time," McEvoy stated, emphasizing his commitment to continue pushing boundaries with his unique training philosophy.