SK Hynix shares jump after business talks with Nvidia

SK

09/01/2025 24:33

** Shares of South Korea's SK Hynix  000660.KS , which
supplies U.S. AI chipmaker Nvidia  NVDA.O  with high-end chips,
rise more than 4% 
    ** Chairman of South Korea's SK Group, Chey Tae-won, meets
Nvidia CEO Jensen Huang at the Consumer Electronics Show 2025
for "various business-related discussions", according to SK
    ** "Previously, the counterpart's demand was to develop more
quickly. Recently, SK Hynix has raised the pace preemptively,
and now both of us speeding up head-to-head" - Chey
    ** SK Hynix shares up 3.5%, as of 0022 GMT, compared with
rival chipmaker Samsung Electronics'  005930.KS  gain of 0.4%
and the broader KOSPI market's  .KS11  rise of 0.3% 
    ** Nvidia flat overnight

 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com))