An Nvidia (NVDA) partner in South Korea saw its shares rise on Monday after saying the US-based chipmaker wants faster chips.
South Korea-listed shares of SK Hynix closed down nearly 6.5% after SK Group Chairman Chey Tae-won told reporters that Nvidia CEO Jensen Huang had asked the company to supply its next-generation high-bandwidth memory chips with increase for six months.
Chey said at the SK AI Summit in Seoul that Nvidia is still struggling to meet chip demand, but the two are working together on the shortage, Bloomberg reported.
Huang requested that SK Hynix provide samples of its HBM4 chips earlier than expected, Chey said. In October, SK Hynix said it expected to supply customers with the new HBM chip, which Nvidia needs for its artificial intelligence chips, by the second half of 2025. Chey said that both Nvidia and SK Hynix are “on the same page” on HBM4’s schedule. , according to Bloomberg.
Shares of the South Korea-based chipmaker are up 37.1% so far this year. The company also unveiled a 16-layer HBM3E at the summit that it said will be with customers early next year. SK Hynix CEO Kwak Noh-Jung said the company will release the next generation HBM5 and HBM5E sometime between 2028 and 2030.
In October, SK Hynix reported record sales, operating profit and net income, with the third quarter achieving “the best quarterly performance ever” based on demand for its memory chips for AI technology.
“SK Hynix has solidified its position as the world’s No. 1 AI memory company by achieving its highest-ever operating performance in the third quarter of this year,” Kim Woohyun, Chief Financial Officer at SK Hynix, said in a statement. “We will continue to maximize profitability while securing stable revenues by adopting flexible product and supply strategies in line with market demand.”
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