SK Hynix shares soared more than 9% on Thursday following the company’s announcement of a breakthrough in high-bandwidth memory (HBM) chip technology. The South Korean tech giant revealed it has started mass production of the world’s first 12-layer version of its HBM3E chips,

Along with the bump in capacity, SK hynix says its 12-layer, 36GB HBM3E delivers faster speeds of up to 9.6Gbps.

The world's second-largest memory chipmaker SK Hynix said on Thursday it began mass production of a 12-layer version of the latest generation of high-bandwidth memory (HBM) chips, to meet demand from the current AI boom.

SK hynix Inc. has commenced mass production of its 12-layer High Bandwidth Memory 3E (HBM3E) modules, featuring a total capacity of 36 GB. This marks the largest capacity achieved in HBM technology to date.

SK Hynix shares jumped more than 9% on Thursday after the South Korean firm started mass production of the most advanced high-bandwidth memory (HBM) chips, pulling ahead in a race to meet demand from an artificial intelligence (AI) boom.

SK hynix shares jumped 8.4 percent on Thursday morning after it said it began mass production of a 12-layer version of the latest generation of high-bandwidth memory (HBM) chips, to meet demand from the current AI boom.