SK Hynix CEO: Memory chip shortage may last beyond 2030

On July 11, SK Hynix CEO Guo Luzheng said that the shortage of memory chips currently plaguing the computer, automobile and equipment markets may continue beyond 2030. Guo Luzheng said customers were signing long-term contracts because they "believe the shortage will last longer." The company and its peers-Samsung Electronics and Micron Technology-have become major beneficiaries of the artificial intelligence boom. Massive spending by data center operators is driving demand for traditional memory as well as a new type of high-bandwidth memory. The rush has made it more difficult to meet widespread demand for memory chips, leading to shortages in areas such as computers, mobile phones and automobiles. Guo Luzheng said SK Hynix's analysis showed that this shortage could continue into the next decade. Customer signals also indicate that people don't expect to be able to obtain enough memory chips for some time to come.