SK Hynix CEO sees memory chip shortage lasting until 2030

SK Hynix CEO Kwak Noh-jung predicts memory chip shortages will persist until the end of 2030, driven by surging AI demand for advanced memory chips used in data centers and high-performance computing systems. Unlike past cycles of oversupply and falling prices, the shift toward customized memory products designed for specific AI applications may fundamentally alter market dynamics going forward. SK Hynix is expanding its U.S. manufacturing capacity to meet this growing demand and could invest further if given adequate electricity, funding, and government support.