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View all search resultsNvidia has forecast a 70 percent jump in revenue next fiscal year, underscoring unabated demand for AI computing, while warning that shortages of memory components would continue to curb how quickly it can expand.
By the senior economy minister's estimates, the project could cost up to $720 million in total to expand capacity from 580 MW at present to the targeted 1.3 GW at around $1 million per MW, though he did not say how much of that might be footed by the American chip-making giant.
Under chairman Chey Tae-won, seeking an edge over Samsung, SK Hynix has spent more than a decade betting on high-bandwidth memory (HBM) chips, at the time a niche technology, with the wager eventually paid off as HBM became a critical component in Nvidia's AI accelerators.
Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut.
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