Samsung Gains 6% on Reports It’s Joining Nvidia AI Suppliers
- Nvidia’s AI chips require large quantities of advanced memory
- Samsung is vying with Hynix to supply high-bandwidth chips
An AI-powered neural quantum processor display in the Samsung Electronics Co. pavilion at the IFA electronics fair, in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Samsung Electronics Co. leapt more than 6% on reports the company has won the right to supply advanced memory chips to AI leader Nvidia Corp.
South Korea’s largest electronics firm will begin supplying HBM3 — a newer generation of memory optimized to work with artificial intelligence accelerators — from the fourth quarter, Citigroup analysts including Peter Lee wrote in a report. Its shares gained their most since January 2021. Arch-foe SK Hynix Inc. has so far been Nvidia’s sole provider of high-bandwidth memory for AI accelerators.