SK hynix Inc., the world's second-largest memory chip maker, said Thursday it has developed the world's first 16 gigabyte DDR5 chip using the sixth generation of the 10 nanometer chipmaking technology.According to SK hynix, the new product comes with an improvement in cost competitiveness when compared with the previous generation and also features enhanced productivity by more than 30 percent through technological innovation in design.The operating speed of the chip, which is expected to be adopted for high-performance data centers, has also improved by 11 percent, with power efficiency also improving by more than 9 percent.SK hynix said the new chip will be ready for mass production within the year to start volume shipment next year.The new DRAM is expected to help data centers reduce the electricity cost by as much as 30 percent at a time when advancement of artificial intelligence is leading to an increase in power consumption."We are committed to providing differentiated values to customers by applying the 1c technology equipped with the best performance and cost competitiveness to our major next-generation products," Kim Jong-hwan, head of SK hynix's DRAM development, said.Source: Yonhap News Agency