SEOUL (Reuters) – SK Hynix shares rose 8.4 percent on Thursday morning after the company said it had begun mass production of a 12-layer version of its latest generation high-bandwidth memory (HBM) chip to meet demand from the current artificial intelligence (AI) boom.
The world’s second-largest memory chip maker said in a statement that the world’s first latest-generation HBM product, called HBM3E, will have 12 layers and 36 gigabytes of capacity, the largest HBM yet.
SK Hynix is a major supplier of HBM chips to Nvidia, and in late March it supplied HBM3E chips to a customer, which it declined to identify.
South Korea’s stock index rose 1.7 percent.
(Reporting by Joyce Lee, Jacqueline Wong and Muralikumar Anantharaman Editing by
