SK Hynix foresees long-term surge in AI memory chip demand

CEO says South Korean maker will mass produce next-gen HBM in Q3

20240502 SK hynix

SK Hynix CEO Kwak Noh-jung says average annual demand for AI-applicable memory chips will "increase 60% in the mid- and long-term." (Courtesy of SK Hynix)

KIM JAEWON, Nikkei staff writer

ICHEON, South Korea -- The head of SK Hynix has vowed to continue expanding output of memory chips used in artificial intelligence applications, predicting global demand will increase sharply over the long term.

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