SK Hynix Says DRAM and HBM Output Through 2029 Fully Sold Out

A sold-out book stretching to 2029 reframes memory from a cyclical commodity into something closer to contracted infrastructure capacity, and that shift matters most for the AI hardware supply chain that depends on HBM. The visibility cuts both ways: it supports pricing power for the supplier, but it also signals that compute buildouts remain gated by component availability rather than demand. Whether this locked-in demand reflects genuine end-use consumption or defensive stockpiling upstream is the open question worth watching.