Samsung jumps on report Nvidia will add electronics group as a supplier By Investing.com

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<p>Investing.com &#8212; Seoul-listed shares in <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Samsung Electronics Co Ltd </span></span> (KS:) climbed by more than 6% on Friday, their most since January 2021, following a report that the group has been chosen to supply AI-darling Nvidia (NASDAQ:) with advanced memory chips.</p>
<p>In a note cited by Bloomberg News, analysts at <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Citigroup </span></span> (NYSE:) said that the South Korean electronics giant will begin to supply California-based Nvidia with HBM3, a high-speed computer memory interface that can work with artificial intelligence accelerators.</p>
<p>Previously, Samsung rival <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> SK Hynix Inc </span></span> (KS:) was the only supplier of these chips. SK Hynix stock slipped by just under 1.5%.</p>
<p>Samsung declined to comment, Bloomberg said.</p>
<p>Samsung will begin to supply its HBM3 memory chips to Nvidia as soon as next month, according to a separate report in Korea Economic Daily on Friday. Citing unidentified sources, the outlet said Nvidia agreed to the supply deal after Samsung&#8217;s chips passed its quality test.</p>
<p>Suppliers to Samsung, including chip tester Hana Micron Inc (KQ:) and circuit board business Daeduck Electronics Co Ltd (KS:), also surged on the reports.</p>
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