SK Hynix CEO Kwak Noh-jung warns the global memory industry faces its worst-ever supply shortage. This shortage is expected to peak in 2027. Kwak issued the forecast as the South Korean chipmaker debuted on the Nasdaq.
Explosive growth in artificial intelligence drives demand for high-bandwidth memory (HBM) beyond current production capacity. Kwak projects that customer demand will exceed supply capabilities through at least 2030.
The company maintains this outlook despite pursuing aggressive expansion plans. Tight supply conditions suggest higher prices for memory chips essential to AI infrastructure.