The leader of South Korea’s SK Group delivered a sobering forecast Monday, predicting the worldwide semiconductor wafer shortage will continue for the remainder of this decade as artificial intelligence applications drive demand far beyond manufacturing capacity.
Chairman Chey Tae-won shared his outlook with media representatives during Nvidia’s GTC Conference in San Jose, California, where he indicated the supply crunch will likely extend through 2030.
During the same discussion, Chey revealed that SK Hynix is considering launching American Depositary Receipts on U.S. exchanges as part of efforts to expand its international investor reach. The company’s chief executive is also expected to announce strategies for stabilizing memory chip pricing while the conglomerate investigates renewable energy options.
