SK Group chairman says memory chip shortage will last until 2030 — wafer supply trails demand by 20%

SK Group chairman Chey Tae-won predicts the global memory chip shortage will continue until 2030, with wafer supply trailing demand by over 20%. Major memory makers are expanding capacity but may not meet demand until the end of the decade due to the lengthy process of securing additional wafers. Chey warns that a focus on high-bandwidth memory could lead to shortages in conventional DRAM, impacting smartphones and PCs. Companies like SK Hynix, Samsung, and Micron are investing in HBM production, causing price increases in consumer electronics.