Seoul, June 7: SK Group Chairman Chey Tae-won had held a meeting with CC Wei, Chairman of Taiwan Semiconductor Manufacturing (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip technologies, SK Group said on Friday.

SK Group has SK hynix, the world's second-largest maker of memory chips, under its wing. Chey and Wei agreed to enhance the two companies' collaboration on the high-bandwidth memory (HBM) chips, group officials said, reports Yonhap news agency. Samsung Electronics Union Stages First-Ever Strike Over Pay Dispute; Check Details.

"Let's lay the foundation of the AI era together to benefit the humankind," Chey told Wei, according to a statement released by SK Group. The meeting came about a month and a half after SK hynix signed a strategic partnership with TSMC as part of efforts to bolster its capabilities in producing premium HBM chips and advanced packaging technologies.

Under the partnership, SK hynix plans to utilise TSMC's technologies in developing its sixth-generation HBM4 chips, set for mass production in 2025. The two companies also plan to join hands to optimise the integration of their packaging process, CoWoS technology. HBM chips, integral components used for AI computing, have garnered increasing attention with the rise of applications such as generative AI, exemplified by models like ChatGPT. Nvidia Surpasses Apple on AI Boom, Hits USD 3 Trillion Market Cap and Becomes World’s Second Most Valuable Company After Microsoft.

SK hynix supplies its fourth-generation HBM3 chips to global AI chip giant Nvidia, which has a monopolistic status in the market. SK hynix is a key customer of Nvidia Corp., a major player in the AI semiconductor market, supplying its fourth-generation HBM3 chips almost exclusively.

(The above story first appeared on LatestLY on Jun 07, 2024 10:50 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).