SK Group Chairman Chey Tae-won said at a press conference for the listing of SK Hynix's American Stock Depositary Receipt (ADR) held at Nasdaq headquarters in New York on the 10th (local time), "Structural changes have occurred. It is clear that we are not moving in the same cycle as before." This means that the artificial intelligence (AI) revolution has completely changed the memory semiconductor market cycle, which has been experiencing repeated booms and busts. As the situation continues where demand far exceeds supply, he said he would consider building a new factory wherever conditions are met. Chairman Choi explained on this day, “The (semiconductor market) cycle may not have completely disappeared, but the gap between demand and supply is now very large,” adding, “Currently, the rate of increase in demand is far exceeding the rate at which we are increasing supply.” He said, "As you know, the lead time (procurement period) it takes to increase supply is large. There are many constraints and it is not possible to build a factory anywhere." Last month, SK Hynix announced a plan to invest 800 trillion won in the construction of a new fab in Gwangju together with Samsung Electronics.