SK Tae-won Chey: Semiconductor Demand to Surge Over 50% Next Year, Supply Gap Likely to Widen

According to Yonhap News Agency, SK Group Chairman, Tae-won Chey, stated at a media roundtable held during the Jeju Forum that global semiconductor product demand will grow by at least 50% to 60% next year, with demand in the AI sector expected to increase by 60% to 100% compared to this year. However, with virtually zero new supply coming online next year, the supply-demand gap is likely to widen further. Chey believes that current chip prices are already at abnormally high levels and should have seen a correction. He also emphasized that semiconductor companies should not maintain high prices by restricting supply, and that expanding supply to grow the market is a more strategically valuable long-term approach.