TECH - High-Performance Memory Chip Supply To Stay Tight In 2024 Amid Surging AI Demand Major Manufacturers Face Shortages | Benzinga
The global supply of high-performance memory chips is expected to remain constrained throughout 2024, driven by the soaring demand for artificial intelligence technology.
What Happened: The supply of high-end memory chips is projected to remain tight due to the exponential demand for AI technology, as per a CNBC report on Tuesday. This is likely to affect the supply of these chips for the rest of 2024 and well into 2025.
Leading memory chip suppliers, including SK Hynix and Micron Technology Inc (NASDAQ:MU), are already facing a shortage of high-bandwidth memory chips for 2024, with the stock for 2025 also nearly depleted.
?We expect the general memory supply to remain tight throughout 2024," Kazunori Ito, director of equity research at Morningstar said in a report.
The demand for AI chipsets has significantly boosted the high-end memory chip ...