According to Tech News Space , Samsung's operating profit report for the third quarter showed a more than threefold increase compared to the previous quarter. SK hynix's DRAM memory chip business also returned to profitability after incurring losses in the first two quarters of this year.
Manufacturers are cutting memory chip production to increase selling prices.
According to research firm Dalton Investments, the recovery in memory chip prices largely stems from a decline in new product supply and the depletion of accumulated market inventory. Once memory chip prices reach their lowest levels, PC and mobile device manufacturers are willing to replenish their inventories or offer customers products with increased storage capacity.
In its Q3 2023 report, Samsung officials confirmed they were receiving requests from numerous customers for new memory modules as more and more companies believe the industry has bottomed out, in line with market predictions.
The report also showed that average DRAM chip prices increased by 4-6% for Samsung and 10% for SK hynix. At the same time, memory inventories remained higher than normal, most notably in the NAND memory chip segment. Analysts believe that memory manufacturers will not rush to increase memory production volume next year to limit supply and encourage maintaining higher memory prices.
Analysts at TrendForce predict that manufacturers will reduce DRAM and NAND production volumes next year, while demand for these memory types will increase by 13% and 16%, respectively.
Source link
Comment (0)