TSMC shares jump over 6% after NVIDIA seeks 3D DRAM
Business
TSMC's shares shot up over 6% after news broke that NVIDIA wants the company to make advanced 3D DRAM chips.
This move could pull TSMC deeper into the booming AI hardware scene, where growing demand for AI hardware puts pressure on memory chip supplies.
TSMC targets 3D DRAM rivals
By stepping into 3D DRAM, TSMC will be taking on giants like Samsung and Micron.
The company is weighing new factories or acquiring an existing semiconductor facility and converting it to meet demand, with Vice President Hsu Kuo-chin, who brings experience from Micron, leading the charge.
With the April 2024 memorandum of understanding on HBM4 development, TSMC looks set to shake up the AI chip race even more.