Nvidia Supplier's Parent Company Pledges $56B Investment In AI, Chip Tech By 2026 As Competition From Samsung, Micron Heats Up
Portfolio Pulse from Benzinga Neuro
SK Group, the parent company of Nvidia's chip supplier SK Hynix, plans to invest $56 billion in AI and semiconductor technology by 2026. This investment aims to enhance its supply chains and maintain its lead in the high-bandwidth memory (HBM) market, despite competition from Samsung and Micron.
July 01, 2024 | 1:35 pm
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Nvidia's supplier SK Hynix is set to receive a significant boost from its parent company's $56 billion investment in AI and semiconductor technology. This could enhance Nvidia's supply chain and maintain its competitive edge in AI computing.
The substantial investment by SK Group in AI and semiconductor technology is likely to enhance SK Hynix's production capabilities, directly benefiting Nvidia, which relies heavily on HBM chips from SK Hynix for its AI computing needs.
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