Jensen Huang Demands Faster Delivery of Memory Chips Amid AI Boom
- Nvidia CEO Jensen Huang met with SK Group Chairman Chey Tae-won to discuss memory chip supply.
- SK Hynix had initially planned for deliveries in the latter half of 2025, already an advanced timeline.
- Huang's request highlights the urgent demand for memory chips due to the growth in AI technology.
During a meeting on November 4, 2024, Nvidia CEO Jensen Huang urged SK Hynix to accelerate its timeline for delivering next-generation high-bandwidth memory chips by six months. SK Hynix had previously planned to supply these chips to customers in the second half of 2025, a timeline that was already expedited from initial forecasts. This request is reflective of the surging demand for advanced memory solutions driven by the growth of artificial intelligence technologies, where Nvidia currently holds a dominant market share exceeding 80%. As a result of intensified competition within the high-bandwidth memory sector, companies like Samsung and Micron Technology are closely monitoring SK Hynix's capabilities to meet client demands effectively. SK Hynix reported substantial growth in quarterly profits, attributed largely to rising demands within AI, and has commitments to invest significantly in expanding its production facilities to enhance its competitive edge.