SK Hynix Inc said on Tuesday it has begun mass production of next-generation high-bandwidth memory (HBM) chips used in artificial intelligence chipsets, with sources saying initial shipments will go to Nvidia this month. Last month, Micron Technology said it had started mass production of the chips while Samsung Electronics said it had developed the industry's first 12-stack HBM3E chips. SK Hynix has, however, led the HBM chip market by virtue of being the sole supplier of the version currently used - the HBM3 - to Nvidia which has 80% of the market for AI chips.
The firm has benefited from the AI boom, making it the third-most valuable company in the US.
The risk of renowned jeweller Michel Germani fleeing to China with $2.8 million worth of goods stolen from his own store has been weighed during a bail hearing.