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Investing.com -- Micron Technology Inc (NASDAQ:MU) stock rose 2% on Tuesday following a report that the company has been selected by Nvidia Corp (NASDAQ:NVDA) as its first supplier for a next-generation memory solution called SOCAMM.
According to The Korea Economic Daily, Micron has received Nvidia’s approval for mass production of SOCAMM (small outline compression attached memory module), a new type of high-performance, low-power memory designed for AI servers in data centers. The publication cited people familiar with the matter.
The report indicates that while Nvidia had commissioned all three major memory manufacturers, Samsung Electronics Co (F:SAMEq)., SK Hynix Inc (KS:000660)., and Micron, to develop SOCAMM prototypes, Micron was the first to secure Nvidia’s certification for production. This gives the U.S. chipmaker an early advantage in what industry observers are calling the "second HBM" (high-bandwidth memory) due to its importance in AI acceleration.
Micron reportedly leveraged its edge in low-power DRAM performance to outpace its South Korean rivals. Samsung (KS:005930) and SK Hynix, the world’s two largest memory manufacturers, have developed SOCAMM chips but have not yet obtained Nvidia’s certification, according to the sources cited in the report.
The development could potentially reshape competitive dynamics in the global memory industry, particularly in the rapidly expanding AI infrastructure market where Nvidia maintains a dominant position.
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