SK Group Chairman Chey Tae-won has raised concerns about the potential geopolitical implications of the global shortage in AI memory chips. According to Chey, as the demand for these chips continues to surge ahead of supply, there is a growing likelihood that governments will view access to these advanced components as a critical aspect of economic security. This perspective could lead to increased international pressure on countries to secure a steady supply of AI memory chips.
Chey pointed out a significant uptick in demand, with customers expected to request between 60% and 100% more AI memory chips by 2027 compared to the current year. Despite this rising demand, new production capabilities are not expanding at the same pace, which has resulted in severe shortages, particularly for high-bandwidth memory (HBM), a crucial element for AI processors.
In response to the escalating demand, SK hynix, a part of SK Group, is ramping up its investments in new manufacturing facilities within South Korea. Furthermore, the company is considering potential sites for expansion abroad, including the United States. Chey underscored the importance of rapidly scaling up production to ensure that South Korea maintains its leading position in the semiconductor industry.
Chey also cautioned that without swift expansion of production capabilities, prolonged high prices could persist. Such a scenario might invite the emergence of new competitors, potentially destabilizing the global market for these critical components. The emphasis on quickly addressing these shortages reflects the broader strategic importance of AI memory chips in the current technological landscape.