Samsung Gains Nvidia’s Approval for AI Chips, Boosting Market Position
Samsung Electronics (SSNLF) shares surged nearly 5% to a one-year high after securing Nvidia's (NVDA) preliminary approval to supply high-bandwidth memory (HBM) chips for AI applications. The endorsement positions Samsung as a key player in the competitive AI semiconductor market while strengthening Nvidia's supply chain for next-generation AI accelerators.
Goldman Sachs analyst Giuni Lee notes the development signals Samsung's ability to meet stringent industry standards, defying low investor expectations. Samsung's 12-layer HBM3E chips reportedly passed Nvidia's qualification tests, marking a technological milestone for the Korean manufacturer.