[Young Journalist Yohwan Kim] Jensen Huang, CEO of Nvidia and head of the world's largest memory-buying company, has dismissed concerns about a potential memory oversupply in 2029. He also emphasized that when it comes to memory, more is better. This is positive news for Samsung Electronics and SK Hynix, the world's leading memory manufacturers.

In an interview with CNBC on October 22 (local time) at Nvidia's GTC developer conference in Berlin, Germany, Huang was asked about the possibility of a memory oversupply. He responded, “I don't think so. The great thing about memory is that more is better,” predicting continued growth in memory demand.

His remarks are seen as a rebuttal to predictions that a memory oversupply in 2029 could bring the current semiconductor boom to an end. Traditionally, the semiconductor industry has experienced recurring cycles of expansion and contraction. However, some analysts argue that the surge in demand driven by the AI infrastructure boom is disrupting this traditional cycle.

Huang also emphasized the importance of high-bandwidth memory (HBM), which has become a key component of AI chips. “We will be using it for years to come. We also plan to continue using large quantities of low-power memory, such as LPDDR,” he said.

As the CEO of the world's largest memory buyer publicly forecasts rising demand, market concerns over a potential oversupply are expected to ease considerably. This could also alleviate some concerns about the future growth prospects of Korean memory manufacturers, including Samsung Electronics and SK Hynix.

Samsung Electronics reportedly set a new quarterly operating profit record of 100 trillion won this year, while its operating profit for next year is forecast to reach an astronomical 555 trillion won. SK Hynix has also continued to break its own earnings records.

However, Huang also expressed interest in Chinese memory products. When asked whether Nvidia would be willing to use products from China's ChangXin Memory Technologies (CXMT), he replied, “Of course, we are open-minded.”

He praised China's remarkable capabilities in fundamental infrastructure technologies. He also argued that US restrictions on China had ultimately accelerated the development of China's domestic semiconductor manufacturing capabilities, adding that American technology companies remain strong and are prepared to compete with anyone.

Nevertheless, the US government remains cautious about American companies importing semiconductors from China, making the possibility of adoption uncertain. Some politicians are strongly calling for a ban on Chinese semiconductor imports. Apple has also expressed interest in using Chinese memory products, but its plans have been hindered by government opposition.

Meanwhile, SK Hynix announced that it would abruptly suspend plans to list its second-tier subsidiary Solidigm in the United States. The company's shares fell by more than 2% early in the trading session, briefly dropping below 1.2 million won. However, the decline subsequently narrowed, and the share price recovered to 1.2 million won, even turning positive at one point during the session.


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