The 4Q25 contract negotiations for mobile DRAM used in smartphones are expected to conclude only after mid-November. Conversely, quotes for NAND Flash products are relatively certain. Due to production capacity crunch, the price differences of mobile DRAM products for different applications are shrinking. Looking ahead, the structural shortage of the whole memory market is likely to persist until the end of 2026.

Key Highlights

• Samsung has resumed offering quotes to smartphone brands, with negotiations expected to conclude by mid-November.
• Negotiations for mobile DRAM used in NBs have mostly finished, with Samsung and SK hynix showing similar price hikes while Micron’s increase is larger.
• In the mobile DRAM market, the price premium that products for NBs have over products for smartphones is shrinking. Products for smartphones are losing the volume-based pricing advantage.
• Different application segments of the DRAM market are competing for production capacity with higher prices as they all experience rising demand and production capacity crunch.
• The structural shortage in the memory market is expected to last until the end of 2026, thus keeping contract prices on an upward trend for the next year.

Table of Contents

1. Key Points
2. Updates on Mobile Memory Contract Prices
   • 4Q25 Contract Quotes for Smartphone Mobile DRAM Given to Tier-1 Customers

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