Samsung and SK Hynix stock prices soar due to Nvidia AI partnership boost

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Investing.com - Samsung Electronics (KS:005930) and SK Hynix (KS:000660) saw significant gains on Wednesday, as their recent partnership with Nvidia (NASDAQ:NVDA) highlights their expanding roles in the AI supply chain.

Samsung’s stock rose over 6% in Seoul trading, reaching 206,500 KRW, while SK Hynix increased more than 4% to 1,010,000 KRW. Nvidia announced at its GTC developer conference that both companies are key partners, boosting market optimism.

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Nvidia CEO Jensen Huang stated that Samsung will use advanced 4-nanometer process technology to manufacture its latest AI inference chips. This development is seen as support for Samsung’s foundry business, which has been struggling with losses and order delays.

Samsung also launched the next-generation high-bandwidth memory HBM4E, aimed at meeting the growing demand from Nvidia’s upcoming AI accelerators. Competition in the high-end memory sector is intensifying.

Meanwhile, SK Hynix, a major supplier of Nvidia’s HBM chips, reaffirmed its technological advantages in advanced memory and said it will continue expanding capacity to meet strong demand.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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