SK Hynix plans to double wafer capacity in next five years, group chairman says

TAIPEI: The chairman of South Korea’s SK Group said on Tuesday its memory chip unit SK Hynix aims to double wafer capacity over the next five years.

Chey Tae-won was speaking at the Computex ‌conference in Taipei, ⁠where ⁠executives from some of the world’s top technology companies, including Nvidia, are gathering.

Chey, who warned in March that a global chip wafer shortage was likely to persist until 2030, also said the company needs more partnerships in Taiwan, not just with TSMC, the world’s ⁠largest contract ‌chipmaker.