SK hynix’s CEO said memory shortages are expected to continue through the end of 2030. Reports that Miyagi Prefecture is being considered as a site for a new plant have also drawn attention to developments in the industry.
Kwak No-jung, CEO of South Korean semiconductor giant SK hynix, said at a press conference on 27 August that the current shortage of semiconductor memory is expected to continue through the end of 2030. Reuters and other media reported the comments. He said there were currently no signs of a shift to oversupply.
On 27 August, the company held a groundbreaking ceremony in Indiana, United States, for a facility handling HBM4E, its next-generation high-bandwidth memory (HBM) product. Kwak said that even if demand slows, the slowdown would be gradual rather than abrupt, and also gave his outlook on a moderation in AI demand. Earlier, in July, he said supply shortages would reach their worst level ever in 2027 and that demand would continue to exceed the company’s supply capacity beyond 2030.
Other companies have offered similar forecasts. Samsung Electronics expects the supply shortage to worsen in 2027 and remain unresolved through 2028, while Micron Technology expects shortages to continue at least through 2027, leaving the three major companies broadly aligned in their views. In addition, Microsoft, Sony and Nintendo raised the prices of their game consoles in 2026, with prices for Xbox Series models in Japan increasing.