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Chip Shortage to Last Until 2030, AI Demand Fuels Crisis
17 Mar
Summary
- Global chip wafer shortage expected to continue until 2030.
- Artificial intelligence demand significantly outpaces supply.
- SK Hynix is considering a U.S. ADR listing to expand its investor base.
The worldwide shortage of chip wafers is anticipated to extend through 2030, according to SK Group Chairman Chey Tae-won. He stated that the burgeoning demand for artificial intelligence technologies is the primary driver behind supply constraints.
Speaking at Nvidia's GTC Conference, Chey also revealed that SK Hynix is evaluating a possible listing of American Depositary Receipts (ADRs) in the United States. This move aims to attract a wider range of global investors. The company's CEO may also announce strategies to stabilize DRAM chip prices as the group investigates alternative energy sources.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
