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
Safe government bonds enjoy a discount known as the convenience yield. When a government issues…
The most important urban decisions of this century are being made right now, mostly in…
We are living through two megatrends humanity has never seen before. The first is aging.…
For decades, foreign direct investment (FDI) was seen as the primary engine of development finance.…
The rapid diffusion of generative AI has revived fears that a new wave of automation…
Academic freedom has been declining over the past decade across the world. This column analyses…