SK Hynix's new generation memory chip achieves breakthrough, stock price hits all-time high.
Nvidia supplier SK Hynix announced that it has prepared for mass production of a new generation of high-bandwidth memory chips, leading to a record high in its stock price. On Friday morning, SK Hynix stated that it had successfully developed the world's first HBM4. The company said it is ready to supply customers with this new generation of memory product for ultra-high performance artificial intelligence. SK Hynix stock rose as much as 6.5%, reaching 327,000 Korean won per share. The latest achievement by SK Hynix will intensify competition among memory chip manufacturers - these companies are vying for market share in the AI field. Currently, companies such as Google, Amazon, Meta, and others have a growing demand for AI technology. SK Hynix stated: "With the recent significant increase in AI demand and data processing, the demand for high-bandwidth memory is rapidly rising to improve system speed." The company expects that after the application of this product, AI service performance can be improved by up to 69%, addressing data bottleneck issues and significantly reducing energy costs in data centers. Justin Kim, President and Head of SK Hynix's AI infrastructure department, said: "HBM4 is a breakthrough in overcoming limitations in AI infrastructure and will become a core product in tackling technological challenges."
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