Samsung Electronics says customers praised competitiveness of HBM4 chip

SEOUL: Samsung Electronics customers have praised the differentiated ‌competitiveness of its next-generation ‌high-bandwidth memory (HBM) chips, or HBM4, saying “Samsung is back”, co-CEO and chip chief Jun Young-hyun said ‌in a New Year address.

Shares of Samsung Electronics rose as much as 3.8% in morning trade, outpacing the benchmark KOSPI’s 1.1% rise. In October, Samsung said it was in “close discussion” to supply its HBM4 to U.S. artificial intelligence leader Nvidia, as the South Korean chipmaker scrambles to catch rivals including compatriot SK Hynix ‌in AI ‍chips.