Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
SK Hynix has signed a deal to supply the HBM3 microchip to Nvidia Corporation, which is an American tech company. The chip has been described as the world's best-performing chip and a first of its kind in the industry.
SK Hynix announced on Thursday, June 9, that it has already started the mass production of the HBM3 chip, which is a DRAM or dynamic random access memory product. The first batch of its production will be shipped to Nvidia in the United States, which is apparently, its very first client for the supply of HBM3, as per The Korea Herald.
This is the latest HBM3 DRAM semiconductor and the fourth generation of SK Hynix's HBM product line. It features high bandwidth memory that vertically interconnects multiple DRAM chips, boosting data processing speed.
SK Hynix is currently the second-largest memory chip producer in the world, and it is now the first to mass-produce the high-value, high-performance microchip that is said to be a breakthrough in the chip industry just seven months since its development.
As for Nvidia, it is the largest chipmaker in the U.S. in terms of market value. It has completed the performance tests for SK Hynix's HBM3 chip and planning to use this for its own H100 graphics processing unit. It will be a component of the company's advanced artificial intelligence technologies, such as accelerated computing.
Noh Jong Won, SK Hynix's president and chief marketing officer, said in a press release announcing its partnership with Nvidia as a supplier, "We aim to become a solution provider that deeply understands and addresses our customers' needs through continuous open collaboration."
The CMO, who is also known as Kevin Noh, further said, "In a close partnership with Nvidia, we have secured top-notch competitiveness in the premium DRAM market."
Finally, an SK Hynix official said on Thursday via Aju Business Daily that "HBM3 has opened a new market for superfast AI semiconductors." He added that depending on Nvidia's requirements. The company will be increasing the production of its HBM3, which is expected to be used in Nvidia designs graphics processing units, mobile phone processors, vehicle navigation, and systems on chip (SoCs).
