SK Hynix Chairman Chey Tae-won pledged to ramp up production of AI memory chips to address surging demand from global data centers. Speaking at a Washington conference, Chey called high-bandwidth memory (HBM) chips a “monster chip” driving record profits, as the company’s shares have quadrupled in value over the past year. US tech giants like Microsoft and Meta are investing $650 billion this year in AI infrastructure, fueling a global shortage of memory chips dominated by SK Hynix, Samsung, and Micron.

SK Hynix reported selling out its 2026 memory chip inventory, while Micron faces similar demand pressures for HBM offerings. Chey warned of potential future losses amid rapid tech shifts, citing infrastructure challenges like securing power for AI data centers. Analysts now project SK Hynix’s 2026 operating profit could reach $100 billion, though risks remain. **