SK Hynix CEO sees worst memory shortage in 2027, demand to outstrip supply beyond 2030

SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage ​in 2027, forecasting that demand for memory will continue to exceed the company's ability to produce it well into the next decade despite aggressive capacity expansion. UBS likewise expects the global DRAM industry to remain undersupplied until at least the second quarter of 2028. Similarly, Bank of America remains constructive on the AI investment cycle, estimating that global hyperscaler capital expenditure ​will reach about $851 billion this year and $1.15 trillion ​next year, supported by strong cloud backlogs, improving ⁠returns on AI investment and growing demand for compute-intensive AI applications.