SK Hynix Rejects $374 Million Payment from Nvidia Rival in HBM Deal
Thursday, 12 September 2024, 17:35
SK Hynix Declines Major Payment
In a surprising twist, SK Hynix declined a $374 million advance payment proposed by a rival AI accelerator firm. This decision seems to be aimed at strategically controlling its supply of HBM, a critical component in advanced computing.
New Agreement with Nvidia
Instead of taking the advance, SK Hynix has entered into a lucrative $749 million supply contract with Nvidia, positioning itself as a key player in the rapidly expanding AI hardware market. This partnership may significantly affect hardware strategies across the sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.