CoinDesk news: SK hynix CEO Kwak Noh Jong said that the shortage of memory chips currently affecting the computer, automotive, and device markets may persist beyond 2030. Kwak Noh Jong noted that customers are signing long-term contracts because they believe the shortage will last even longer. The company and its peers—Samsung Electronics and Micron Technology—have become major beneficiaries of the AI boom. Large-scale spending by data center operators is driving demand for both traditional memory and new high-bandwidth memory. This buying frenzy has made it more difficult to meet the broad demand for storage chips, leading to shortages in areas such as computers, smartphones, and automobiles. Kwak Noh Jong said SK hynix’s analysis shows that this shortage may continue into the next decade, and customer signals also indicate that people expect they will not be able to obtain enough storage chips for some time to come.