SK Hynix CEO Kwak Noh-Jung said the global shortage of memory chips could continue beyond 2030, with the supply gap expected to top 20%. The company plans to double memory wafer capacity over the next five years and expects capital spending to exceed $2 billion in 2026. SK Hynix, the world’s second-largest memory chip maker, said surging AI workloads are driving demand for high-bandwidth memory. It is shifting toward AI-focused memory products alongside Samsung and Micron, signing long-term contracts with hyperscale cloud providers, and exploring an American depositary receipt listing to broaden its investor base. The report was cited by Techub, with CryptoBriefing named as the source.
SK Hynix sees a prolonged supply crunch
SK Hynix CEO Kwak Noh-Jung said the global memory chip shortage may continue beyond 2030, with the supply gap expected to exceed 20%.
The world’s second-largest memory chip maker said demand for high-bandwidth memory is rising as AI workloads grow rapidly.
Capacity expansion and funding plans
SK Hynix plans to double its memory wafer capacity over the next five years, and its capital expenditure is expected to exceed $2 billion in 2026. The company said it is moving toward AI-specific memory products alongside Samsung and Micron, has signed long-term contracts with hyperscale cloud service providers, and is exploring an American depositary receipt listing to expand its investor base.
The information was cited by Techub and attributed to CryptoBriefing.
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