PANews July 11 news, according to Sina Finance, SK Hynix CEO Kwak Noh-Jung said that the memory chip shortage currently plaguing the computer, automobile and equipment markets could continue beyond 2030. Kwak Noh-Jung stated that customers are signing long-term contracts because they “believe the shortage will last longer”. The company and its peers — Samsung Electronics and Micron Technology — have become major beneficiaries of the AI boom. Massive spending by data center operators has driven demand for traditional memory as well as a new type of high-bandwidth memory. This buying spree has made it more difficult to meet the broad demand for memory chips, leading to shortages in areas like PCs, smartphones and automobiles. Kwak Noh-Jung said SK Hynix’s analysis shows that this shortage could last into the next decade. Customer signals also indicate that people expect to be unable to secure enough memory chips for some time to come.
