Major Memory Vendor: We're Basically Sold Out Through 2029
Prepare for a very long memory shortage. One of the leading suppliers, SK Hynix, says it's basically sold out of DRAM for the next three years.Demand for memory chips is "expected to outpace supply through 2030," the Korean company said in its most recent earnings presentation, a dire projection that matches what SK Hynix’s chairman, Chey Tae-won, said in March.In Wednesday's earnings call, executives elaborated on the situation, noting that its customers have already locked in more than 50% of ...
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