SK Hynix expects yearly AI memory sales to rise 30% through 2030

Description

South Korea’s SK Hynix expects the market for high-bandwidth memory (HBM) chips used in artificial intelligence to grow 30% annually until 2030, as cloud computing giants keep increasing their demand for AI. The company noted that Amazon, Microsoft, and Google will likely spend even more on AI in the coming years, which will help boost demand for HBM chips . SK Hynix sees chip demand rising as AI use grows SK Hynix’s head of HBM business planning, Choi Joon-yong, said that demand for artificial ...