SK Hynix CEO Kwak Noh-Jung said that the shortage of memory chips is disrupting the computer, automotive and equipment markets and is likely to continue beyond 2030. Kwak said in his first English-language interview that customers are signing long-term contracts because “they think the shortage will last longer.” Previously, the South Korean company had a record stock offering in the US. The company and its peers — Samsung Electronics and Micron Technology — are major beneficiaries of the AI boom. The spending boom set off by data center operators has spurred demand for traditional memory chips and a new type of memory called high-bandwidth memory, which can be used in conjunction with artificial intelligence systems. This scramble has made it more difficult to meet the wider demand for memory chips, and has caused shortages in fields such as computers, mobile phones, and automobiles. In an interview in New York, Kwak said that SK Hynix's analysis shows that the shortage is likely to continue into the next decade. Signals from customers also indicate that they expect the shortage of memory chips to continue for a long time.

SK Hynix CEO Kwak Noh-Jung said that the shortage of memory chips is disrupting the computer, automotive and equipment markets and is likely to continue beyond 2030. Kwak said in his first English-language interview that customers are signing long-term contracts because “they think the shortage will last longer.” Previously, the South Korean company had a record stock offering in the US. The company and its peers — Samsung Electronics and Micron Technology — are major beneficiaries of the AI boom. The spending boom set off by data center operators has spurred demand for traditional memory chips and a new type of memory called high-bandwidth memory, which can be used in conjunction with artificial intelligence systems. This scramble has made it more difficult to meet the wider demand for memory chips, and has caused shortages in fields such as computers, mobile phones, and automobiles. In an interview in New York, Kwak said that SK Hynix's analysis shows that the shortage is likely to continue into the next decade. Signals from customers also indicate that they expect the shortage of memory chips to continue for a long time.