Micron starts mass production of its memory chips for use in Nvidia's AI semiconductors

FILE PHOTO: A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Micron Technology has started mass production of its high-bandwidth memory semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 4% before the bell on Monday.

The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for chips that power generative AI applications.