SK Hynix Warns Memory Shortage Lasts Until 2030

SK Hynix reported record quarterly revenue of 104.6 trillion won and operating profit of 83.3 trillion won, and said the global memory shortage could last through 2030. It has locked in long-term agreements covering over 50% of 2027-2028 capacity and plans capex of at least 40 trillion won.

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SK Hynix's warning that the memory shortage will persist through 2030, alongside record profit, signals prolonged pricing power for HBM and DRAM suppliers. Long-term agreements covering more than half of 2027-2028 capacity give the company unusual earnings visibility. Electronics makers such as smartphone, PC and console vendors face continued margin pressure and price hikes. Korean memory shares rallied, with SK Hynix up 10.9%, Samsung up 9% and the KOSPI up 6.6%. The upside is tempered by investor fears of an AI spending slowdown: SK Hynix remains about 50% below its mid-year peak, it postponed the Solidigm IPO, and the Bank of Korea flagged up to $100 billion of export downside.