SK Group Chairman Chey Tae-won, left, poses for a photo with Nvidia founder and CEO Jensen Huang at Computex 2026 in Taipei, Taiwan, on June 2. [SK HYNIX]
SK hynix will "double its wafer production capacity within the next five years," according to SK Group Chairman Chey Tae-won on Tuesday. It marks the first time SK Group has publicly disclosed a concrete target for expanding production capacity.
“Building a new memory fab requires enormous investment and takes at least three years,” Chey told reporters at the SK hynix booth at Computex 2026 in Taipei, Taiwan.
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“The memory bottleneck will continue through 2030," he said, referring to a memory shortage caused by surging AI-driven demand that continues to outpace supply.
