SK Hynix CEO said on Tuesday that the company will manufacture HBM3E 12H, the memory maker’s latest generation of high-bandwidth memory, as it planned, indirectly denying rumors that Nvidia’s alleged troubles with its AI accelerator will cause delay in shipment.

SK Hynix CEO Kwak Noh-jung told reporters, responding to their questions about the state of HBM3E 12H production, on the sidelines of an industry event in Seoul that that everything from shipment to supply will go as planned.

Nvidia is the memory maker’s largest customer for its HBM chips. The US GPU maker had faced claims in August that its upcoming AI chip Blackwell had defects that could delay its launch.

Along with this rumor, SK Hynix also faced rumors in South Korea that it was facing yield rate problems with its HBM3E 12H chips, which will be used with Blackwell.

Kwak’s statement is a denial of these speculations. 

The SK Hynix CEO also aDDRessed the recent price drops of memory chips DRAM and NAND. 

Kwak expects demand for these chips related to AI is expected to be solid next year but for others, it remained to be seen.

On the current state of the chip market, the CEO said that growth was slowing down for PC and memory but these are also expected to slightly improve next year thanks to the AI boom.

On his recent visit to Europe, where he met with those from Belgium-based semiconductor research center imec, Kwak said he gained many insights but didn’t elaborate.