SK Hynix shares hit multidecade highs, Samsung also surges on OpenAI partnership
On October 28, 2018, the center of Samsung in Mountain View, California.
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South Korean chip heavy weights Samsung Electronics and SK Hynix’s shares rose on Thursday the day after establishing a partnership with artificial intelligence Major Openai as part of the Stargate initiative of the two companies.
Samsung shares have risen over 4% since January 2021, while SK Hynix shares have increased by more than 9% to rise to the highest level since 2000.
Openai said in a statement that this partnership will “focus on increasing the supply of advanced memory chips required for the new generation AI and expanding the data center capacity in Korea”.
ChatGPT producer, two chip producers, AI models, critical to provide power to the production of advanced memory chips, he said.
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