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's stock jumped about 9% on Thursday on the Korea Exchange after the company said it began mass production of the world's first 12-layer HBM3E product with 36GB capacity, the largest capacity of existing HBM to date.

SEOUL (Reuters) -SK Hynix shares jumped 8.4% 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 artificial intelligence (AI) boom.

SK Hynix’s shares surged by more than 9% on Thursday as the South Korean company commenced mass production of its most advanced high-bandwidth memory (HBM) chips, known as HBM3E. These chips, featuring 12 layers and a 50% larger capacity than the previous generation,

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,