SK Hynix rallies 6.5% next Nvidia boss Jensen Huang asks company to expedite next-generation chip

Stocks of SK Hynix rallied 6.5% on Monday next the trade introduced a next-generation reminiscence chip and the dad or mum corporate’s chair stated that the South Korean semiconductor company speeded up the provision of a key product to Nvidia.

Talking on the corporate’s tournament on Monday, Chey Tae-won, chair of SK Crew, ran via an yarn through which he stated Nvidia CEO Jensen Huang requested him if SK Hynix may just walk the provision of high-bandwidth reminiscence (HBM) chips referred to as HBM4 ahead by means of six months. SK Hynix’s CEO on the era stated it used to be conceivable to take action, consistent with Chey.

It’s concealed if this may occasionally shift SK Hynix’s manufacturing timeline from the previously-announced second-half of 2025.

Top-bandwidth reminiscence is a key feature of Nvidia’s chips, that are in flip impaired to coach abundance synthetic logic fashions. Tech giants all over the world were snapping up Nvidia chips in a bid to form probably the most tough fashions and packages.

SK Hynix is a key provider to Nvidia, and the abundance call for for the American corporate’s merchandise has helped the South Korean company to succeed in fast expansion this occasion and document earnings.

SK Hynix stocks are up round 36% this occasion.

On Monday, the corporate additionally introduced a untouched product that helped help its percentage worth rally. Samples of the chip — a 16-layer HBM — shall be supplied to shoppers in early 2025, SK Hynix stated.

HBM is a kind of dynamic random get admission to reminiscence, referred to as DRAM, the place chips are vertically stacked to save lots of range and let go energy intake. Including extra layers to a HBM will, in concept, give it extra capability to take care of advanced AI packages.

The competitive roadmap from SK Hynix comes as its closest rival Samsung, which has fallen at the back of in HBM, tries to level a comeback and get its maximum complicated chips qualified for utility by means of Nvidia.