SK Group chairperson Chey Tae-won said the global memory chip shortage is likely to continue for several more years, potentially lasting through 2030. On the sidelines of Nvidia GTC 2026 in San Jose, California, on Monday (local time), Chey said supply constraints remain structural and difficult to resolve in the near term. “The shortage stems from a lack of wafer capacity, and securing additional wafers takes at least four to five years,” he said. “We expect the industry-wide supply shortfall to persist at over 20 percent through 2030.” Chey added that the company will make efforts to stabilize prices, noting that SK hynix CEO Kwak Noh-jung is likely to unveil new measures aimed at stabilizing DRAM prices in the near future. Despite growing calls for semiconductor firms to expand production overseas, Chey emphasized that the group will continue to focus on its domestic manufacturing base. “Building capacity outside Korea takes the same amount of time, regardless of location,” he said. “Korea already has the infrastructure in place, allowing for a much faster response. That