Samsung Electronics' stock price jumped over 5% after reports that Nvidia's CEO said Samsung's high bandwidth memory chips were in the "qualifying" stage for use in Nvidia's graphics processing units. Nvidia co-founder and CEO Jensen Huang hinted the firm is testing Samsung's new-generation HBM chips and spending "a lot of money" on HBM. The qualification process involves checking if Samsung's chips meet Nvidia's specific requirements but does not obligate purchases. Samsung's co-CEO said the firm expects over $100 million in revenue 2024 from advanced chip-packaging products.
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00:00 It's been Zynga and here's what's on the block.
00:02 Samsung's electronic stock price jumped over 5% after reports that Nvidia's CEO said Samsung's
00:08 high-bandwidth memory chips were in the qualifying stage for use in Nvidia's graphics processing
00:13 units. Nvidia co-founder and CEO Jensen Huang hinted the firm is testing Samsung's new
00:19 generation HBM chips and spending a lot of money on HBM. The qualification process involves checking
00:25 if Samsung's chips meet Nvidia's specific requirements but does not obligate purchases.
00:30 Samsung co-CEO said the firm expects over $100 million in revenue in 2024
00:35 from advanced chip packaging products. For all things money visit Benzinga.com