Prepare for a very long memory shortage. One of the leading suppliers, SK Hynix, says it's basically sold out of DRAM for the next three years.

Demand for memory chips is "expected to outpace supply through 2030," the Korean company said in its most recent earnings presentation, a dire projection that matches what SK Hynix’s chairman, Chey Tae-won, said in March .

In Wednesday's earnings call , executives elaborated on the situation, noting that its customers have already locked in more than 50% of SK Hynix’s manufacturing capacity for 2027 and 2028 through long-term agreements (LTAs), and customers are also in talks for more orders.

“The volume already secured under LTAs and the demand currently being discussed with customers taken together means that our DRAM and HBM [High Bandwidth Memory] volume for the next three years through 2029 is effectively sold out,” according to a translation.

"To date, we have signed LTAs with 14 key customers, including major global CSPs [cloud service providers]," SK…