South Korea's SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters.

South Korea’s SK Hynix expects the market for high-bandwidth memory (HBM) chips used in artificial intelligence to grow 30% annually until 2030, as cloud computing giants keep increasing their demand for AI.

Korea's SK hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30 percent a year until 2030, a senior executive said in an interview with Reuters.