SK Group Chairman Choi Tae-won: AI-driven memory demand is growing exponentially, and it will still be difficult to meet the doubling of production capacity in the next five years.

IT House reported on July 10 that SK Hynix listed its American Depository Receipts (ADRs) on Nasdaq today. Subsequently, SK Group Chairman Choi Tae-won was interviewed by Bloomberg and CNBC. IT House noted that Cui Taiyuan said that in the era of artificial intelligence, the memory industry has entered a stage of structural growth. In the past, memory demand was determined primarily by population or sales of smartphones and PCs. However, with the emergence of AI agents, key-value cache (KV Cache) generated during inference, physical AI, and robots, today’s demand structure itself has completely changed. Cui Taiyuan said: "Memory demand will grow exponentially in the future." Although production capacity is continuously expanding, the situation of insufficient supply cannot be easily alleviated. "SK Hynix plans to double its production capacity in the next five years," Choi Taiyuan said, "but customers believe that even this is still far from enough. Some customers even suggested that they need a supply that is five to six times the current available level." Choi Taiyuan also predicted: "The demand for large-scale memory will continue to exist until Artificial General Intelligence (AGI) is popularized throughout society and the demand structure stabilizes." Related reading: "Fundraising 265 The US$100 million exceeds Alibaba’s and sets a record for a foreign company’s IPO in the United States: SK Hynix’s ADR predicts an opening price of US$180, up more than 20% on the first day” “It is reported that SK Hynix plans to restart the expansion project of Dalian’s second factory and will produce 238-layer NAND flash memory chips” “1600 trillion won blockbuster layout! South Korea has joined forces with Samsung and SK to reconstruct the semiconductor, AI and aerospace industry landscape, the largest industrial investment since the founding of the People's Republic of China" "Breaking the traditional pricing model, it is reported that the long-term supply agreement of SK Hynix does not set a price ceiling" "SK Group Chairman Choi Tae-won: Build 15GW AI data center by 2035, with a total investment of 1000 trillion won