World to see worst-ever chip supply shortage in 2027: SK Hynix CEO

SK Hynix CEO Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage ​in 2027. He forecasted that demand for memory will continue to exceed the company's ability to produce it well into the next decade despite aggressive capacity expansion. Notably, the global memory chip shortage triggered hardware price hikes across the tech industry.