SK Group Chairman: Memory Chip Shortage to Persist Until 2030

• SK Group chairman Chey Tae-won predicts global memory chip scarcity until 2030 due to manufacturing restrictions.
• Supply of fundamental wafers is over 20% behind demand, despite increased capacity by chipmakers like SK Hynix Inc.
• SK Hynix, Samsung Electronics Co., and Micron Technology Inc. control most memory chip supply.
• Shift in production towards specialized memory for Nvidia's AI accelerators caused shortage of traditional storage.
• This gap impacts profits, derails corporate plans, and raises prices for vehicles, data centers, laptops, and cellphones.