01:48 PM EDT, 07/24/2024 (MT Newswires) -- (Updates with Nvidia's ( NVDA ) response in the fourth paragraph.)

Nvidia ( NVDA ) will use Samsung Electronics' fourth-generation high bandwidth memory chips in its H20, a graphics processing unit developed for the Chinese market in compliance with US export controls, Reuters reported late Tuesday, citing three unnamed sources.

It wasn't immediately clear if the HBM3 chips would be used by Nvidia ( NVDA ) in its other AI processors or if the chips needed to pass more tests before that could occur, the report quoted the sources as saying.

Samsung could start supplying HBM3 chips for the H20 GPU as early as next month, the report said, citing two of the sources.

Nvidia ( NVDA ) declined MT Newswires' request for comment, while Samsung didn't immediately respond to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 117.16, Change: -5.43, Percent Change: -4.43