{"id":135729,"date":"2026-08-28T18:20:05","date_gmt":"2026-08-28T18:20:05","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/135729\/"},"modified":"2026-08-28T18:20:05","modified_gmt":"2026-08-28T18:20:05","slug":"sk-hynix-ceo-warns-memory-shortage-will-persist-through-2030-as-chipmaker-builds-4-billion-indiana-fab","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/135729\/","title":{"rendered":"SK Hynix CEO Warns Memory Shortage Will Persist Through 2030 as Chipmaker Builds $4 Billion Indiana Fab"},"content":{"rendered":"

\"\"<\/a> <\/p>\n

South Korean chipmaker SK Hynix (NASDAQ:<\/a>SKHY<\/a>) said Thursday it will begin volume production of next-generation HBM4E chips at its Indiana facility in the third quarter of 2029, as CEO Kwak Noh-Jung warned the current memory shortage will persist through 2030. <\/p>\n

Billion-Dollar Bet on U.S. AI Supply Chain <\/p>\n

The more than $4 billion project will expand SK Hynix’s presence in the United States as growing AI investment drives demand for high-bandwidth memory. <\/p>\n

The site at Purdue Research Park will allow the company to produce chips closer to major customers such as Nvidia (NASDAQ:<\/a>NVDA<\/a>), Microsoft (NASDAQ:<\/a>MSFT<\/a>), and Alphabet (NASDAQ:<\/a>GOOG<\/a>) (NASDAQ:<\/a>GOOGL<\/a>). <\/p>\n

Jung said, “The United States is the epicenter of AI innovation, bringing together premier customers, top-tier R&D capabilities, and partners, and the Indiana fab will become a gateway to deliver first Made in USA HBM products.” <\/p>\n

Dominant Market Position Reinforces Bullish Outlook <\/p>\n

According to Counterpoint Research<\/a>, SK Hynix held 58% of the global HBM market by revenue in the first quarter of 2026, outpacing Samsung Electronics and Micron Technology (NASDAQ:<\/a>MU<\/a>), each at 21%. <\/p>\n

Nvidia, a major SK Hynix customer, forecast a 70% jump in revenue<\/a> for the next fiscal year, reinforcing confidence in sustained AI-chip demand and supporting Kwak’s view that the memory upcycle has room to run. <\/p>\n

The U.S. government supported the project with $458 million in CHIPS Act grants and up to $500 million in loans, with the funding finalized in December 2024. <\/p>\n

Trading Metrics <\/p>\n

SK Hynix has a market capitalization of approximately $912.37 billion. Its stock has traded between a 52-week high of $194.45 and a 52-week low of $124.80. <\/p>\n

Over the past month, the large-cap stock gained 24.15%. <\/p>\n

Needham analyst N. Quinn Bolton raised his price target on SK Hynix to $220 from $200<\/a> on Monday, maintaining a Buy rating. <\/p>\n

Price Action:\u00a0SKHY closed the regular session on Thursday at $161.61, up 2.27%, according to Benzinga Pro<\/a> data. The stock is down 0.58% in after-hours trading. <\/p>\n

With a strong Growth score of 98.37, Benzinga’s Edge Stock Rankings indicate that SKHY has a positive price trend<\/a> across all time frames. <\/p>\n

\"\"<\/a> <\/p>\n

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. <\/p>\n

Read Also:Anthropic Says Its AI Agents Are Killing Rivals and Evading Safety Controls: Here’s What the Company’s Risk Report Found<\/a> <\/p>\n

Photo courtesy: JHVEPhoto \/ Shutterstock.com <\/p>\n

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily<\/a>, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. <\/p>\n","protected":false},"excerpt":{"rendered":"South Korean chipmaker SK Hynix (NASDAQ:SKHY) said Thursday it will begin volume production of next-generation HBM4E chips at…\n","protected":false},"author":2,"featured_media":135730,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[1137,49365,68920,68921,68391,68922,45110,10351,2068,241,240,275,68833,1484,68923],"class_list":["post-135729","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk","tag-ai","tag-benzinga","tag-benzinga-pro","tag-benzingas-edge-stock-rankings","tag-indiana-fab","tag-jung","tag-kwak","tag-kwak-noh-jung","tag-nasdaq","tag-sk","tag-sk-group","tag-sk-hynix","tag-sk-hynixs","tag-south-korean","tag-u-s-ai-supply-chain"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/135729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=135729"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/135729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/135730"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=135729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=135729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=135729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}