SK Hynix partners with TSMC to develop advanced AI chips

SEOUL/TAIPEI -- SK Hynix and Taiwan Semiconductor Manufacturing Co. aim to jointly develop advanced chips for artificial intelligence as two of Asia's leading chipmakers look to strengthen their positions in the fast-growing AI market.

SK Hynix, the world's second-largest memory chipmaker, on Friday said it has signed a memorandum of understanding with TSMC, the world's largest contract chip manufacturer, to collaborate on producing next-generation high bandwidth memory (HBM) chips.