DRAM prices set to climb 20% in 1Q24
DRAM prices climbed in 4Q23 and are projected to show a further increase of near 20 percent in 1Q24, according to market analyst TrendForce.
The firm states that the DRAM market was worth US$17.46 billion in the quarter. It was up 29.6 percent compared with 3Q23 due to the combination of rising prices and volume. The market is expected to increase in value in 1Q24 on rising DRAM contract prices although shipments are expected to fall slightly with traditional seasonality.
DRAM makers ranked by 4Q23 revenue. Source: TrendForce.
Samsung led the market in 4Q23 with sales up 50 percent to hit US$7.95 billion, largely due to a surge in DDR5 shipments, boosting server DRAM shipments by over 60 percent.
SK Hynix saw a modest 1 to 3 percent rise in shipment volumes but benefited from the pricing advantage of HBM and DDR5 format memories and achieved a 20.2 percent rise in revenue to US$5.56 billion. Micron grew volume and price at 4 to 6 percent each, resulting in revenue growth of 8.9 percent to US$3.35 billion for the quarter due to its comparatively lower share of DDR5 and HBM.
Samsung is now thought to be at an 80 percent utilization rate in fabs for DRAM manufacture after cutting back production in 4Q23
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SK Hynix has ‘sold out’ of HBM DRAMs for 2024
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