SK Hynix wants to double wafer capacity for memory chips over the next five years

SK hynix wants to double its production capacity for wafers with memory chips in the next five years. This is what CEO Chey Tae-won of parent company SK Group says. The ongoing AI hype creates high demand for memory chips.

The doubling of production capacity in the relatively short period of five years does not happen without fits and starts, writes Reuters news agency. “There are a lot of obstacles and hurdles, but we will get over them,” Chey said. He said this at the Computex tech fair, which is taking place this week in the Taiwanese capital Taipei.

At the same time as the announcement of the ambitious expansion plans for SK Hynix, it was announced that the memory crisis will continue for the time being. Chey reiterated his earlier estimate that memory chip shortages will continue until 2030.