Despite bit supply growth, DRAM industry value fell by 4.8% QoQ to US$11.4 billion in the second quarter due to an approximately 10% QoQ decline in average contract price. DRAM oversupply continued as the notebook and smartphone markets remained soft in the second quarter, with shipments of the former dropping by 2.9% QoQ and the latter only increasing by 1.2% QoQ...