Samsung Signals Progress With Nvidia on AI Memory Chips
- Samsung says has made progress in getting Nvidia certification
- Samsung’s missed out on most lucrative piece of AI memory boom
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Samsung Electronics Co. declared progress in supplying its most advanced AI memory chips to Nvidia Corp., seeking to reassure to investors who fear the company is falling further behind SK Hynix Inc. in a red-hot market.
Samsung has made “meaningful” progress during key stages of the qualification process with a major customer, a senior executive told analysts, referring to Nvidia. The Korean company now expects to sell its most advanced HBM3E memory chips in the fourth quarter, Jaejune Kim, executive vice president of Samsung’s memory business, said on an earnings call Thursday. SK Hynix’s shares fell 4.5% in Seoul, while Samsung ended largely unchanged after climbing as much as 3.6% on Kim’s comments.