SK Hynix: DRAM and HBM Output Sold Out Through 2029, Supply Shortage to Last Until 2030

The sold-out visibility through 2029 and a demand backlog more than double current capacity reframe the memory shortage as a structural, multi-year constraint rather than a cyclical blip. The 2027 capex surge is the tell: capacity arrives late relative to committed demand, so pricing leverage sits with suppliers in the interim. The scrapped Solidigm U.S. IPO removes a capital-markets outlet for the subsidiary and concentrates funding pressure on the parent's expanded spending plans. The open question is whether the 2027 capacity buildout lands before demand visibility erodes.