SK Hynix CEO Kwak Noh-jung said 2027 is expected to be the most supply-constrained year in the history of the memory industry, according to Jin10, as cited by ChainCatcher. Speaking on Friday evening, July 10, U.S. Eastern Time, Kwak said customers are approaching SK Hynix for long-term supply agreements while demand keeps rising and the company faces capacity limits. He added that even though the company is working as hard as it can to expand output, customer demand may still exceed SK Hynix’s supply capacity even after 2030. Separately, a domestic industrial investment source who has had contact with South Korean memory makers said executives at major overseas memory companies are also watching capacity expansion by Chinese storage manufacturers. In that view, China’s two major memory producers, ChangXin Memory and Yangtze Memory, could become the biggest long-term variable in the future memory market.
SK Hynix CEO Kwak Noh-jung said 2027 could be the most supply-constrained year in the history of the memory industry, according to Jin10, cited by ChainCatcher.
Speaking on Friday evening, July 10, U.S. Eastern Time, Kwak said customers are seeking long-term supply agreements with SK Hynix. Demand continues to grow, he said, while the company’s production capacity remains limited.
“Customers are now coming to SK Hynix for long-term supply agreements. Demand keeps increasing, while our capacity has constraints. Although we are doing our best to expand capacity, customer demand may still exceed the company’s supply capacity even after 2030,” he said.
Chinese memory expansion is also in focus
A domestic industrial investment source who has had contact with South Korean memory makers said that, alongside their own development plans, executives at major overseas memory companies are also paying attention to the expansion progress of Chinese memory manufacturers. In that view, China’s two major memory players, ChangXin Memory and Yangtze Memory, may become the biggest long-term variable in the future memory market.
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