Nvidia and SK Hynix have signed a multi-year agreement to co-develop advanced memory chips for AI, strengthening the South Korean firm's position against competitors like Samsung.

Nvidia has selected SK Hynix as the memory chip supplier for its Vera chip, which will see it compete with AMD and Intel

“We had a very big year this year with SK Hynix, and we are preparing for a very, very large second half of the year and next year.”