This post was originally published on this site
In a note cited by Bloomberg News, analysts at Citigroup (NYSE:C) said that the South Korean electronics giant will begin to supply California-based Nvidia with HBM3, a high-speed computer memory interface that can work with artificial intelligence accelerators.
Previously, Samsung rival SK Hynix Inc (KS:000660) was the only supplier of these chips. SK Hynix stock slipped by just under 1.5%.
Samsung declined to comment, Bloomberg said.
Samsung will begin to supply its HBM3 memory chips to Nvidia as soon as next month, according to a separate report in Korea Economic Daily on Friday. Citing unidentified sources, the outlet said Nvidia agreed to the supply deal after Samsung’s chips passed its quality test.
Suppliers to Samsung, including chip tester Hana Micron Inc (KQ:067310) and circuit board business Daeduck Electronics Co Ltd (KS:353200), also surged on the reports.
