Micron Technology has started mass production of its high-bandwidth memory semiconductors for use in Nvidia’s latest chip for artificial intelligence, sending its shares up more than 4% before the bell on Monday.
The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for chips that power generative AI applications.
Nvidia will use the chip in its next-generation H200 graphic processing units, expected to start shipping in the second quarter and overtake the current H100 chip that has powered a massive surge in revenue at the chip designer.
Demand for high-bandwidth memory (HBM) chips, a market led by Nvidia supplier SK Hynix, for use in AI has also raised investor hopes that Micron would be able to weather a slow recovery in its other markets.
HBM is one of Micron’s most profitable products, in part because of the technical complexity involved in its construction.
The company had previously said it expects “several hundred million” dollars of HBM revenue in fiscal 2024 and continued growth in 2025.
Source : Reuters
European Union development aid is emphasising poverty reduction less and directing attention to other geopolitical…
The large US tariffs announced in April 2025 led other countries to debate the best…
The way firms coordinate activities, motivate employees, accumulate knowledge, and adapt to changing environments evolves…
Financial markets pay close attention to monetary policy, and surprise policy decisions can strongly affect…
Not all energy shocks are alike. This column uses a multi-country, multi-sector DSGE model with…
Chile’s 2022 Platform Work Law was the first reform to address concerns about independent contractors…