SK Hynix CEO: 2027 Will See the Worst Memory Chip Shortage

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SK Hynix CEO Kwak No-jung stated that the global memory industry is headed for its worst supply shortage ever by 2027, predicting that demand will continue to outstrip the company's production capacity for a significant period, extending into the next decade, despite a massive expansion in manufacturing capacity.

"We expect next year to be the worst in the history of this industry in terms of supply," Kwak said after the South Korean memory chipmaker began trading on the Nasdaq stock exchange (Reuters).

Kwak's remarks follow a strong performance by the South Korean chipmaker, which has become a key player in the artificial intelligence supply chain thanks to its leadership in developing high-bandwidth memory (HBM) used in Nvidia's chips.