Sk hynix will be the partner of nvidia to supply the gddr6 memories
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SK Hynix shares have risen 5% following reports that the company has signed a major GDDR6 memory supply agreement with Nvidia, bringing its share price to 94, 000 won, its highest value since 2001.
SK Hynix will be the main distributor of GDDR6 memory for Nvidia
SK Hynix is currently working to bring its GDDR6 memory to serial production, chips that will reportedly be the key to Nvidia's ambitions in the next generation of graphics cards, offering greater efficiency and higher performance. compared to current GDDR5 memory offerings.
This new supply agreement guarantees a large number of SK Hynix orders for an extended period. It's also worth noting that future Nvidia graphics card offerings are expected to use HBM2 and GDDR6 memory, both made by SK Hynix. These two types of memory offer high levels of memory bandwidth and as such are priced high, which explains why SK Hynix's shares increased when this deal was announced.
Nvidia is rumored to be planning to announce its next generation of graphics cards in the mid to late summer, making the constant supply of GDDR6 memory vital if the company wants to keep up with the coming demand.
With two years without launching a new graphics card, there will be few players and professionals who will launch the GTX 11 series as soon as they hit the stores.
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