SK海力士：DRAM短缺料持续至2028年

Core Viewpoint - The internal analysis document from SK Hynix reveals a severe imbalance in the supply and demand of the storage market, predicting that the DRAM supply shortage will persist until 2028, which is more severe than previous forecasts from major investment banks [1] Group 1: Supply and Demand Dynamics - The global storage market is experiencing a "storage crisis" exacerbated by increased demand from AI and adjustments in industry capacity [1] - Major investment banks, including UBS and JPMorgan, previously estimated that the DRAM shortage would last until the first quarter of 2027, with a projected 20.7% increase in DDR memory demand, significantly outpacing supply growth [1] - SK Hynix's analysis indicates that the supply growth of general-purpose DRAM, primarily for consumer electronics, will remain constrained until 2028, failing to meet market demand [1][2] Group 2: Impact on Consumers and Pricing - Consumers will face higher prices for electronic products such as PCs and smartphones due to rising memory costs, with Dell planning to increase prices of its commercial product line by 10%-30% starting December 17 [2] - The price increase will vary based on the storage specifications of the computers [2] Group 3: Production Strategies and Market Trends - Storage manufacturers, including SK Hynix, are adopting conservative capacity expansion strategies, focusing on maintaining profitability rather than significantly increasing DRAM production [3] - The demand for server DRAM is expected to grow exponentially, with AI servers projected to increase their market share from 38% in 2025 to 53% by 2030, driving strong demand for DRAM [3] - The analysis also suggests that the supply growth of consumer-grade NAND flash may lag behind demand due to a surge in demand from the server side, which has higher profit margins [3]