Recent market research by TrendForce shows that DRAM contract prices are expected to continue to grow in 2024. For the first quarter of 2024, DRAM contract prices are expected to increase by about 13-18%, the second quarter’s increase is expected to slow to 3-8%, with the third and fourth quarters expected to see increases of 8-13%. From the perspective of market research institutions, a rise in memory prices seems inevitable this year.
According to reports from Bobantang, the recent price movement driven by Kingston memory is expected to reach a higher expectation, and the rising price trend of memory is likely to continue for at least half a year. It appears that the trend of rising DRAM contract prices has now impacted the specific memory product market.
Information from upstream indicates a strong determination to raise prices further, with original chip manufacturers believing in the need to continuously push for price increases, and several major manufacturers are relatively united in this effort. The effect of production cuts implemented over the past year is gradually becoming evident, so original manufacturers are not particularly in a hurry to ship, solidifying their determination to continue raising prices in 2024. Additionally, the trend of memory demand over the past two years has been increasing, significantly so, especially for laptops and servers. At the same time, HBM products have consumed a considerable amount of the manufacturers’ capacity. Although the overall trend is relatively certain, fluctuations in the market are not ruled out.
Currently, the memory market is in the transition period from DDR4 to DDR5, but the timing of this transition is likely to be postponed to between the third and fourth quarters of this year, at which time the price trends of the two different types of memory could vary significantly.
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