South Korea’s SK Group Chairman Expects Chip Wafer Shortage To Last Until 2030, Eyes US ADR Listing
Reuters03-17 07:54
SAN JOSE, California, March 17 (Reuters) - South Korea's SK Group Chairman Chey Tae-won on Monday said the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply.
Speaking to reporters on the sideline of Nvidia's NVDA.O GTC Conference in San Jose, California, Chey said that SK Hynix 000660.KS is reviewing a potential U.S. ADR listing to broaden its global investor base, while its CEO may unveil plans to stabilise DRAM chip prices and the group explores alternative energy sources.
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While chip wafer shortages raised prices, they also reduced output, increased costs, and disrupted industries — proving that scarcity is not a guaranteed path to higher profits. ...Next non news please...
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