While recent reports claimed that memory prices may not fall till 2027, it seems like the memory chip crunch isn’t a short-term headache. And that’s bad news for anyone hoping phone, laptop, and GPU prices will get cheaper again soon.
Reuters reports that SK Group chairman Chey Tae-won said the global chip wafer shortage is likely to last until 2030, with artificial intelligence demand continuing to outpace the supply. Chey said the current shortage could remain above 20%, largely because AI systems require huge amounts of high-bandwidth memory and therefore burn through a lot of wafers.
Why memory price hikes could stick around for a few years
Memory chips didn’t suddenly get expensive over some production shortage or artificial scalping/price gouging. Chey specifically pointed to AI’s massive appetite for HBMs, or high-bandwidth memory, as a key reason the crunch is still sticking around. He believes that the
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