AMD rose nearly 10%, leading to an upward trend in the stock prices of domestic semiconductor companies.
As of 9:30 a.m. on the 8th, SK Hynix was trading at 128,800 KRW, up 2.55% from the previous day, and Samsung Electronics rose 0.98% to 70,220 KRW. Isu Petasys also increased by more than 4%, and Hanmi Semiconductor rose 2.38%.
On the 7th (local time), AMD officially launched its latest artificial intelligence (AI) chip, the Instinct MI300 series, at an investor event. The MI300X, a graphics processing unit (GPU), is a competitor to Nvidia's H100, which is leading the AI chip market.
Meanwhile, Meta, Microsoft, OpenAI, and Oracle have announced plans to purchase AMD's new AI chips for use in the cloud.
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