SK Group Chairman Warns of Prolonged Chip Shortages, Eyes US Expansion

San Jose – SK Group Chairman Chey Tae-won has cautioned that the global supply of memory chips will likely remain approximately 20% below demand until 2030. This forecast comes as SK Hynix Inc., the world’s third-largest semiconductor manufacturer, prepares to announce measures aimed at stabilizing memory chip prices in the near future [1].

Chip Shortage Outlook

Chey’s warning underscores the persistent challenges facing the semiconductor industry, despite significant investments in new manufacturing capacity. The prolonged shortage is expected to impact various sectors reliant on these critical components, including automotive, consumer electronics, and data centers. SK Hynix, an integrated device manufacturer with in-house foundry capabilities, is a key player in addressing these supply constraints.

SK Hynix’s US Strategy

The announcement coincides with SK Hynix’s strategic moves to strengthen its presence in the United States. In November 2025, Chey Tae-won was appointed as chairman of SK hynix America, marking the first time the company has been led by a chairman rather than presidents or vice presidents [2]. This move signals a more direct control of SK’s U.S. Operations as the company seeks to forge deeper ties with major tech partners like Nvidia.

SK hynix America plays a crucial role in sales, marketing, and research and development within the United States, particularly serving major clients such as Nvidia. The growing significance of the American outpost is driven by demand for advanced memory solutions, including High Bandwidth Memory (HBM) chips.

Leadership and Corporate Governance

Chey Tae-won has been the chairman of SK Group since 1998 [1]. He also serves as the chairman of the Korea Chamber of Commerce and Industry (KCCI) since March 2021 [1]. In December 2024, Forbes estimated his net worth at US$1 billion, ranking him 24th richest in South Korea [1].

SK Group is also considering a US stock market listing for SK Hynix through an American Depositary Receipt (ADR) [4]. This potential listing would further enhance the company’s visibility and access to capital in the American market.

Key Takeaways

• Global memory chip supply is expected to remain below demand until 2030.
• SK Hynix is strengthening its US presence with a new chairman for SK hynix America.
• The company is deepening ties with key tech partners like Nvidia.
• SK Hynix is exploring a US stock listing (ADR) to enhance corporate value.