SK Hynix CEO: Memory chip shortage to last until 2030

PANews reported on August 30, according to Jinshi, SK Hynix CEO Kwak Noh-jung said the global memory chip shortage is expected to last until the end of 2030, while the risk of oversupply is very low because in the AI era, memory chips are no longer "simply standardized commodities." Although the market has concerns about an AI investment bubble, he said he "does not see" signals of oversupply risk or a potential memory downcycle, because demand from AI customers remains strong. If "we cross the AI peak, or another downcycle appears in the future, challenges may emerge. But I think the next downcycle will be different from the downturns we have experienced over the past few decades. Even if a downcycle comes, I think it will not be a sharp decline, but rather a slow drop in demand, or it may even flatten out."