Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030

SEOUL/SAN FRANCISCO (Reuters) -South Korea’s SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters. The upbeat projection for global growth in high-bandwidth memory (HBM) for use in AI brushes off concern over rising price pressures in a sector that for decades has been treated like commodities such as oil or coal. “AI demand from the end user is pretty much, very firm and strong,” said SK Hynix’s Choi Joon-yong, the head of HBM business planning at SK Hynix.