SK Hynix Shares Reach Multi-Decade Peak as Samsung Soars in Response to Chipmaker Collaboration with OpenAI

On October 28, 2018, Samsung Electronics and SK Hynix saw substantial stock increases after announcing a partnership with OpenAI for its Stargate initiative. Samsung’s shares rose over 4% to their highest since January 2021, while SK Hynix’s stock surged over 9%, reaching levels not seen since 2000. This collaboration aims to enhance the supply of advanced memory chips critical for next-generation AI and expand data center capabilities in South Korea. OpenAI CEO Sam Altman met with South Korean President Lee Jae Myung and executives from both companies to discuss the initiative. SK Hynix recently announced readiness for mass production of high-bandwidth memory (HBM) chips, essential for AI computations, particularly for Nvidia’s next-generation architecture. As key players in the AI value chain, both Samsung and SK Hynix are positioned to benefit from the increasing demand for advanced memory solutions in the rapidly evolving AI landscape.

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