"Micron Ramps Up Production of High-Speed Memory Chips for Nvidia's AI Semiconductors"

Micron Technology has commenced mass production of its high-bandwidth memory semiconductors, HBM3E, for use in Nvidia's latest AI chip, leading to a more than 5% increase in its shares. The HBM3E is expected to consume 30% less power than rival offerings, catering to the growing demand for chips powering generative AI applications. Nvidia plans to incorporate the chip in its upcoming H200 graphic processing units, set to surpass the current H100 chip. This move has raised investor optimism about Micron's ability to withstand a slow recovery in other markets, with HBM being one of its most profitable products.