SK Group chairman Chey Tae-won told reporters at Nvidia's GTC conference in San Jose on Monday that the global memory chip shortage is likely to persist for another four to five years, with industry-wide wafer supply lagging demand by more than 20%, Bloomberg reported. Chey, whose conglomerate controls SK Hynix, said leading memory makers are expanding capacity but are unlikely to fully meet demand until around 2030 because securing additional wafers takes at least four to five years, according to The Korea Times.
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