Bank of America: South Korea’s annual memory production capacity expansion expected to be below 10%, far from the goal of doubling by 2030

Golden Harmony July 14｜Bank of America’s latest report points out that the market is overly optimistic about the expansion promises from South Korea’s major memory chip companies. In response to South Korean President Lee Jae-myung’s slogan of “doubling production capacity by 2030,” Bank of America estimates that after excluding the closure of old plants due to technological upgrades and the loss of capacity caused by the transition to more advanced processes, the actual annual expansion rate will be below 10%. By 2030, capacity will fall far short of doubling.