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Chey Tae-won (SK Group chairman) expects total memory volume to grow to almost five times current production capacity within 10 years, justifying the $720bn expansion.
So what I really see is that the memory increase in the total volume is within 10 years, I guess, almost five times current, the production capacity. So demand is enormous.
Nasdaq since this was said: ▼ -2.7% · 26,803 → 26,082 · as of 2026-09-10
Chey Tae-won believes Nvidia stays dominant in AI given its technologies beyond GPUs and its ecosystem building.
So I still believe that in the future, so they are dominant and they actually had a lot of technologies, not on just GPU side.
Nvidia since this was said: ▼ -3.1% · 225.3 → 218.4 · as of 2026-09-10
Chey Tae-won says 2027 will be the hardest year for memory supply because capacity cannot expand in time, while demand roughly doubles from this year.
So probably next year is at the hardest year because all of the memory companies are not actually prepared to expand their capacity yet. But still demand is growing. I think that the demand is growing twice than this year.
Nasdaq since this was said: ▼ -2.7% · 26,803 → 26,082 · as of 2026-09-10
Chey Tae-won says memory prices have risen 40-50%, a 'chip inflation' problem for PC, smartphone and auto makers.
So yeah, memory prices have gone up 40 50 percent.
Nasdaq since this was said: ▼ -2.7% · 26,803 → 26,082 · as of 2026-09-10
Chey Tae-won reiterates SK Hynix will double capacity within five years and says customers still want more.
So I already announced that within five years, we're going to double up our capacity. But most of the customer, that's not enough. So we need more.
Nasdaq since this was said: ▼ -2.7% · 26,803 → 26,082 · as of 2026-09-10
Chey Tae-won concedes some oversupply risk in memory but says SK Hynix expands only against confirmed demand and long-term agreements.
There is some risk on the oversupply. But we already noticed that and we carefully confirm that the world demand and the inner futures.
Nasdaq since this was said: ▼ -2.7% · 26,803 → 26,082 · as of 2026-09-10
Chey Tae-won thinks AI agents make this memory boom a structural change with a much longer cycle rather than the usual boom-bust, while admitting nobody can see the future.
But I feel that this is not a normal things and what we used to be the in the memory business. So this is a kind of turning point for us as what I see that do I see that some structural change.
Nasdaq since this was said: ▼ -2.7% · 26,803 → 26,082 · as of 2026-09-10
Asked on debut day how investors know they are not buying a peak
“Everybody expected more chips. And even I announced that the world we're going to double up our capacity within five years. But, yeah, well, all my customers said that that's not enough, man. And we need more.”
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