The AI chip boom just produced its biggest moment on Wall Street yet. SK Hynix, a South Korean memory chip giant, said on Friday that it had raised $26.5 billion (KRW 40 trillion) in its US market debut. SK Hynix sold 177.9 million American depositary shares (ADRs) at $149 each, structured so that American investors
In a bid to reduce its GPU costs amid an unprecedented component shortage, Meta is on track to begin manufacturing the latest versions of its AI-specific chip in September, Reuters reported, citing an internal memo. At least one chip passed its testing phase in about six weeks, according to the memo. Meta is working with
In April, Reuters reported that Anthropic was toying with the idea of producing its own AI chips as a way to respond to the chip shortage. Now it seems that the company is taking this idea seriously. On Thursday, The Information reported that Anthropic was in contact with Samsung to explore a collaboration around the