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Memory Prices Skyrocketing: What’s Behind the Surge?
January 10, 2024
Q1 NAND and DRAM prices are set to rise significantly, reports TrendForce.
DRAM contract prices are estimated to increase by approximately 13–18% in 1Q24 with mobile DRAM leading the surge.
Manufacturers believe that sustained production cuts are necessary to maintain the supply-demand balance in the memory industry due to the unclear demand outlook for 2024.
Despite facing a traditional low-demand season, buyers are continuing to increase their purchases of NAND Flash products to establish safe inventory levels.
In response, suppliers are pushing for higher prices to minimize losses, leading to an estimated 15–20% increase in NAND Flash contract prices in 1Q24.
A key point to note is the aggressive price hike initiated by NAND Flash manufacturers to offset losses. However, future price escalations hinge on the resurgence of enterprise SSD procurement as demand struggles to keep pace with these rapid increases.
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