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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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