Nvidia CEO Jensen Huang stated on Thursday that the memory chip industry is unlikely to face oversupply by 2029, emphasizing that High Bandwidth Memory (HBM) will continue to see widespread adoption for years. His comments align with Intel's Chief Technology Officer, who noted that global leading-edge wafer output faces a realistic growth ceiling of approximately twofold due to constraints in key equipment, cleanrooms, and fab scale, rather than funding limitations.
In other major tech developments, SpaceX plans to secure usage rights for at least 80,000 cell sites in the US and is currently in negotiations with cellular infrastructure companies, a move that could establish it as the fourth nationwide wireless carrier. Meanwhile, OpenAI is nearing the conclusion of financing negotiations to raise approximately $30 billion, with its valuation target reportedly lowered to $1.25 trillion. The US Federal Communications Commission also approved a one-year waiver for Intel, exempting the company from import restrictions on certain foreign-made advanced robotic equipment.
Nvidia CEO Says Memory Oversupply Unlikely Before 2029; SpaceX Targets 80,000 US Cell Sites
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