SK Group Chair Chey Tae-won said Nvidia CEO Jensen Huang asked him if SK Hynix could move the supply of high-bandwith memory (HBM) chips forward by six months.
Chey Tae-won, chair of SK Group, said Nvidia CEO Jensen Huang asked him if SK Hynix could move the supply of high-bandwith memory chips called HBM4 forward by six months.News of the timeline shift and the latest product sent SK Hynix shares 6.5% higher.
Shares of SK Hynix rallied 6.5% on Monday after the business announced a next-generation memory chip and the parent company's chair said that the South Korean semiconductor firm sped up the supply of a key product toSpeaking at the company's event on Monday, Chey Tae-won, chair of SK Group, ran through an anecdote in which he said Nvidia CEO Jensen Huang asked him if SK Hynix could move the supply of high-bandwidth memory chips called HBM4 forward by six months.
It's unclear if this will shift SK Hynix's production timeline from the previously-announced second-half of 2025.High-bandwidth memory is a key component of Nvidia's chips, which are in turn used to train huge artificial intelligence models. Tech giants around the world have been snapping up Nvidia chips in a bid to produce the most powerful models and applications.
SK Hynix is a key supplier to Nvidia, and the huge demand for the American company's products has helped the South Korean firm to achieveOn Monday, the company also announced a new product that helped support its share price rally. Samples of the chip — a 16-layer HBM — will be provided to customers in early 2025, SK Hynix said.
HBM is a type of dynamic random access memory, known as DRAM, where chips are vertically stacked to save space and reduce power consumption. Adding more layers to a HBM will, in theory, give it more capacity to handle complex AI applications.Buy now, pay later giant Affirm expands to the UK in first major international foray
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