HBM Market Bulletin - Aug. 15, 2025

Last Modified

2025-08-15

Update Frequency

Monthly

Format

PDF

The 2026 HBM3e market faces oversupply with Samsung likely ramping up HBM3e capacity causing price declines; HBM4 sees premium pricing amid fierce competition and concentrated NVIDIA supply.

Key Highlights

Samsung's inhanced HBM3e shows progress in validation, likely boosting production capacity and market supply.
Contract prices for HBM3e in 2026 face significant downward pressure as vendors compete.
HBM4, a next-gen product, carries higher technical barriers and costs, commanding price premiums.
NVIDIA concentrates HBM4 supply among validated top two suppliers; others shift focus to HBM3e.
Overall 2026 average HBM prices remain stable; vendors missing HBM4 share face pricing pressures.

Introduction
Easing of HBM3e Supply Is Almost Certain, with Room for Negotiating Downward Adjustments in 2026 Contract Prices
HBM4 Is Expected to Command a Price Premium over HBM3e as Competition for Market Share Intensifies
- Blended ASP of HBM Products

Blended ASP of HBM Products