# SK Hynix is planning to double memory production over the next five years.

*semiconductor · news · 2026-06-02 · The Verge*

## Key points

- SK Hynix plans to double its memory chip production capacity within five years.
- Chairman Chey Tae-won stated the company will do 'whatever it requires' for expansion.
- The expansion timeline indicates current RAM shortages will persist in the short term.
- The production increase is a direct response to the ongoing global memory chip crunch.

S External Link SK Hynix is planning to double memory production over the next five years. As Bloomberg reports, SK Hynix chairman Chey Tae-won says the company will do “whatever it requires” to expand chip production, but that will take years. So, unfortunately for anyone trying to buy a Steam Deck or build a gaming PC right now, the RAM shortage probably isn’t ending anytime soon. SK Hynix Plans to Double Capacity to Ease Memory Chip Crunch [ Bloomberg ] Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Comments Loading comments Getting the conversation ready... The Verge Daily A free daily digest of the news that matters most. Email (required) By submitting your email, you agree to our Terms and Privacy Notice. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

**Companies:** SK Hynix
**Countries:** South Korea

[Read the full story on The Verge](https://www.theverge.com/gadgets/941478/sk-hynix-is-planning-to-double-production-over-the-next-five-years)

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