SK Hynix’s announcement that it is partnering with TSMC comes as global chipmakers are racing to take advantage of the AI boom. (Nikkei montage/Source photos by AP)

KIM JAEWON, CHENG TING-FANG and LAULY LI, Nikkei staff writers |

SEOUL/TAIPEI — SK Hynix and Taiwan Semiconductor Manufacturing Co. aim to jointly develop advanced chips for artificial intelligence as two of Asia’s leading chipmakers look to strengthen their positions in the fast-growing AI market.

SK Hynix, the world’s second-largest memory chipmaker, on Friday said it has signed a memorandum of understanding with TSMC, the world’s largest contract chip manufacturer, to collaborate on producing next-generation high bandwidth memory (HBM) chips.

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