SK Hynix predicts memory crunch will peak in 2027 and continue through 2030
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The big picture: SK Hynix CEO Kwak Noh-Jung has warned that the global memory crunch is far from over. In a recent interview with Reuters, the executive predicted that 2027 will be the worst year ever for the industry from a supply perspective and that demand will continue to outpace supply even beyond 2030.
Speaking with the publication, Noh-Jung said SK Hynix is doing their best to solve the problem but acknowledged it'll be an uphill battle. "Our customer demand continues to go up, while our capacity has limitations," he said. With no slowdown excepted on the AI front anytime soon, demand for memory is expected to remain elevated for years to come.
SK Hynix debuted on the NASDAQ stock exchange last Friday, pricing its American Depositary Receipts at $149 each. The...
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