Investors looking ahead to when the high-bandwidth memory (HBM) shortage will end can start looking a little further out. Micron’s (NASDAQ: MU) response to SK Hynix's bold U.S. entry reveals that HBM shortages persist and will likely linger into the next decade (as indicated by the SK Hynix CEO), and that both companies are scrambling to ramp production.
While SK Hynix will use its IPO funds to bolster U.S. capacity, Micron is using its robust cash flow and financial position to do the same. The company upped its planned 10-year investment outlook to $250 billion domestically, money to be spent on U.S.-based fabrication capacity and HBM technology advancement.
