Nvidia's Approval Puts Samsung Back In The AI Memory Chip Spotlight: 'Things Are Improving Quickly'
Portfolio Pulse from Benzinga Neuro
Samsung Electronics has received approval from Nvidia for its high-bandwidth memory (HBM) chips, marking a significant milestone in the AI memory chip market. This approval could help Samsung close the gap with its competitor, SK Hynix, and capitalize on the growing demand for AI products. Nvidia's endorsement is crucial as it represents the first time the company has approved Samsung's HBM3 chips, albeit for a less advanced GPU designed to comply with U.S. export controls.
July 30, 2024 | 9:59 am
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Nvidia has approved Samsung's HBM3 chips for use in its AI processors for the Chinese market. This marks the first time Nvidia has endorsed Samsung's HBM3 chips, which could help Nvidia comply with U.S. export controls and diversify its supply chain.
Nvidia's approval of Samsung's HBM3 chips is a significant development as it helps Nvidia comply with U.S. export controls and diversify its supply chain. This could positively impact Nvidia's stock in the short term.
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