SK Hynix says memory shortages to persist until 2030

Korean memory-maker SK Hynix has predicted memory shortages will persist until at least the year 2030 and says that will help it to boost its already exceptional revenue and profits to new levels.

In remarks published on Wednesday alongside its quarterly results, the company offered its belief that “a virtuous cycle has taken hold in which AI-driven productivity gains and new revenue generation in areas such as software development, customer service, and search lead to greater AI adoption, which in turn drives increased investment in infrastructure.”

SK Hynix thinks this is great news, because it means more buyers are entering the market for AI infrastructure, including “general enterprises” and nations building sovereign infrastructure. In coming years, the company sees even more demand for memory coming from autonomous cars and the growing robotics market.

While the company is working hard to build more factories and get them working, execs admitted it can’t do that fast enough to meet demand.

“The company …