Memory Chip Crunch to Persist Until 2030, SK Chairman Says

A global shortage of memory chips is likely to persist another four to five years because of endemic constraints in semiconductor production, the head of South Korean conglomerate SK Group said.

Leading players such as SK Hynix Inc. are expanding capacity but they’re unlikely to fully sate demand till around 2030, said Chey Tae-won, whose company controls the chipmaker. Industry-wide, supply of the basic wafers that get made into chips are lagging demand by more than 20%, Chey told reporters on the sidelines of Nvidia Corp.’s GTC event in San Jose.