● ChipsNov 4, 2026 · 19:076 sources
SK Hynix Shares Rise as OpenAI Negotiates for More Memory Chips in South Korea
From marketbrief.now
AI;DR
OpenAI CEO Sam Altman met with Samsung and SK Hynix leaders in South Korea to secure additional high-bandwidth memory (HBM) capacity for the Stargate infrastructure project, with SK Hynix shares rising 2.4% on reports of the talks. The semiconductor maker said customer requests for its HBM products exceed available supply by more than twofold, and the meetings build on October 2025 letters of intent targeting up to 900,000 DRAM wafers monthly.
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- SUPPORT@melvininvests“when OpenAI signed letters of intent with Samsung and SK Hynix for up to 900,000 DRAM wafers per month.”x.com
- SUPPORT@jukan05“Altman visited South Korea exactly one year ago, right when this whole surge in RAM prices began.”x.com
- SUPPORT@rohanpaul_ai“Saturday’s talks extend an earlier deal under which Samsung supplies memory for OpenAI’s Stargate project and works with OpenAI on data centers, including floating offshore sites.”x.com