The Memory Shortage Isn't Close to Ending — Samsung Just Locked Up 70% of HBM Capacity Through 2031

The article argues the AI buildout is shifting memory from a cyclical semiconductor input to “critical infrastructure,” with demand supported by the long lead times of HBM qualification, ramp, and scale production. While AI-driven capacity additions are feasible for manufacturers, HBM supply is expected to remain constrained for years due to multi-year qualification timelines. Net effect is a modestly positive outlook for memory-focused beneficiaries, though near-term supply/delivery tightness—not demand destruction—is the key driver.