SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix's Capacity Plan

SK Hynix to boost memory production 3x ... you can wait another 8 years, right?

Amid the unrelenting demand for AI infrastructure, SK Hynix, the world’s largest supplier of HBM memory used in high-end GPUs, now expects to triple its wafer capacity. You'll just have to wait through two more US presidential elections and then some. All that capacity won’t come online until 2034, SK Group Chairman Chey Tae-won told Nikkei Asia in a recent interview. SK Hynix’s valuation has soared in recent months. The company is one of three …

SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix's Capacity Plan

Shares of SanDisk (NASDAQ:SNDK | SNDK Price Prediction) are up 14% to roughly $1,873 in midday trading Thursday, while Western Digital (NASDAQ:WDC) stock is climbing 6% to around $520. The bounce snaps a rough stretch for memory and storage names that had pulled back hard from last week’s highs. Both moves arrive alongside a broader ... SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan

SK hynix claims it will be able to triple its memory chip output by 2034, roughly 10 years sooner than first projected

Just in time to solve the current crisis, right?

SK Hynix targets triple chip capacity by 2034

SK Hynix Chairman Chey Tae-won recently revealed plans to triple its chip capacity by 2034. The company aims to meet the requirements of advanced memory chips amid the ongoing critical period. This move will also satisfy AI evolution. On June 10, Chey Tae-won spoke with Nikkei Asia about the company’s semiconductor targets. The Chairman said that SK Hynix will increase its chip (wafer) capacity three times by 2034. A wafer is generally a thin, c…