How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Posted under: Fintech
Date: 2024-11-08
How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Samsung Electronics, once a leader in memory semiconductors, has fallen behind rival SK Hynix in next-generation high-bandwidth memory (HBM) chips crucial for AI. Samsung’s profit has plunged, wiping out around $126 billion in market value. Samsung told CNBC its HBM3E product is in mass production, with the next-generation HBM4 in development for 2025. Nvidia’s approval remains critical for Samsung to compete more effectively in the AI market.

Read more at: www.cnbc.com

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How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Posted under: Fintech
Date: 2024-11-08
How Samsung fell behind in the AI boom leading to a $126 billion wipeout

Samsung Electronics, once a leader in memory semiconductors, has fallen behind rival SK Hynix in next-generation high-bandwidth memory (HBM) chips crucial for AI. Samsung’s profit has plunged, wiping out around $126 billion in market value. Samsung told CNBC its HBM3E product is in mass production, with the next-generation HBM4 in development for 2025. Nvidia’s approval remains critical for Samsung to compete more effectively in the AI market.

Read more at: www.cnbc.com
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