4Q25 Memory Price Forecast

Last Modified

2025-09-19

Update Frequency

Aperiodically

Format

PDF

4Q25 memory prices continue upward. Strong AI demand from US CSPs and HDD shortages boosting enterprise NAND Flash are key. Suppliers prioritize profit, tightening old process supply.

Key Highlights

4Q25 memory prices continue upward, driven by:
- AI Demand: US CSPs' early server DRAM procurement fuels growth.
- Supplier Strategy: Profit over volume; advanced processes prioritize high-margin AI products (HBM, enterprise SSDs), creating tight supply for older processes.
- NAND Flash Surge: HDD shortages divert storage to enterprise SSDs, sparking urgent orders and broad price hikes.
- Market Core: US CSPs' AI server build-outs are the absolute demand foundation, accepting higher prices.

受惠美系CSPs擴大投資，持續提升記憶體訂購量，需求轉強帶動漲價動能延續
4Q25 DRAM價格續漲，Server需求提前發酵、舊製程供給緊缺成關鍵
- Price Projections for Different Categories of DRAM Products
AI世代帶動爆發性儲存需求，HDD供給短缺推升QLC產品熱度，外溢效應驅動4Q25價格走揚
- Price Projections of Different Categories of NAND Flash Products

Price Projections for Different Categories of DRAM Products