Samsung Electronics Co. (OTC:SSNLF) has made substantial progress in the production of memory chips crucial for the artificial intelligence market, with its new high-bandwidth memory chip being approved by Nvidia Corp. (NASDAQ:NVDA), closing the gap with its competitor, SK Hynix Inc. What Happened: Samsung has made significant strides in the development of its high-bandwidth memory (HBM) chips, a key component for AI technology, reported Bloomberg. The company has obtained approval from AI giant Nvidia for its HBM3 chips and is expected to secure approval for the next generation, HBM3E, in the…