Illustration of the SK Hynix firm brand seen displayed on a smartphone display.
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Shares in South Korea’s SK Hynix prolonged positive aspects to hit a greater than 2-decade excessive on Tuesday, following studies over the weekend that SK Group plans to construct the nation’s largest AI knowledge middle.
SK Hynix shares, which have surged virtually 50% to this point this yr on the again of an AI increase, had been up almost 3%, following positive aspects on Monday.
The corporate’s mum or dad, SK Group, plans to construct the AI knowledge middle in partnership with Amazon Internet Companies in Ulsan, in line with home media. SK Telecom and SK Broadband are reportedly main the initiative, with help from different associates, together with SK Hynix.
SK Hynix is a number one provider of dynamic random entry reminiscence or DRAM — a kind of semiconductor reminiscence present in PCs, workstations and servers that’s used to retailer knowledge and program code.
The corporate’s DRAM rival, Samsung, was additionally buying and selling up 4% on Tuesday. Nevertheless, it is development has fallen behind that of SK Hynix.
On Friday, Samsung Electronics’ market cap reportedly slid to a 9-year low of 345.1 trillion gained ($252 billion) because the chipmaker struggles to capitalize on AI-led demand.
SK Hynix, then again, has change into a frontrunner in excessive bandwidth reminiscence — a kind of DRAM utilized in synthetic intelligence servers — supplying to purchasers equivalent to AI behemoth Nvidia.
A report from Counterpoint Analysis in April stated that SK Hynix had captured 70% of the HBM market by income share within the first quarter.
This HBM power helped it overtake Samsung within the total DRAM marketplace for the primary time ever, with a 36% world market share as in comparison with Samsung’s 34%.
