SoftBank (SFTBY) and Intel (INTC) are forming Saimemory, a new company to develop stacked DRAM memory chips for AI that use 50% of the power of current high-bandwidth memory in the next two years, Nikkei Asia reports.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFTBY:
- AI Daily: Nvidia says China AI to move on with or without U.S. chips
- OpenAI CFO Says an IPO Will Happen ‘If and When We Want To’
- Musk tried to block OpenAI deal in Middle East, WSJ reports
- SoftBank’s Son raises idea of U.S.-Japan sovereign wealth fund, FT reports
- Oracle (ORCL) Plans to Buy $40B Worth of Nvidia Chips