Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
SK Hynix has signed a deal to supply the HBM3 microchip to Nvidia Corporation, which is an American tech company. The chip has been described as the world's best-performing chip and a first of its kind in the industry.
SK Hynix announced on Thursday, June 9, that it has already started the mass production of the HBM3 chip, which is a DRAM or dynamic random access memory product. The first batch of its production will be shipped to Nvidia in the United States, which is apparently, its very first client for the supply of HBM3, as per The Korea Herald.
This is the latest HBM3 DRAM semiconductor and the fourth generation of SK Hynix's HBM product line. It features high bandwidth memory that vertically interconnects multiple DRAM chips, boosting data processing speed.
SK Hynix is currently the second-largest memory chip producer in the world, and it is now the first to mass-produce the high-value, high-performance microchip that is said to be a breakthrough in the chip industry just seven months since its development.
As for Nvidia, it is the largest chipmaker in the U.S. in terms of market value. It has completed the performance tests for SK Hynix's HBM3 chip and planning to use this for its own H100 graphics processing unit. It will be a component of the company's advanced artificial intelligence technologies, such as accelerated computing.
Noh Jong Won, SK Hynix's president and chief marketing officer, said in a press release announcing its partnership with Nvidia as a supplier, "We aim to become a solution provider that deeply understands and addresses our customers' needs through continuous open collaboration."
The CMO, who is also known as Kevin Noh, further said, "In a close partnership with Nvidia, we have secured top-notch competitiveness in the premium DRAM market."
Finally, an SK Hynix official said on Thursday via Aju Business Daily that "HBM3 has opened a new market for superfast AI semiconductors." He added that depending on Nvidia's requirements. The company will be increasing the production of its HBM3, which is expected to be used in Nvidia designs graphics processing units, mobile phone processors, vehicle navigation, and systems on chip (SoCs).
