DRAM contract prices rise, vendors hoard. PC manufacturers face supply constraints. Spot market shrinks, module prices expected to increase. Inventory levels decline, especially for Chinese CSPs, enterprise server OEMs, and smartphone brands. Mobile DRAM prices will rise sharply.

Key Highlights

• Contract Market: DRAM contract prices continue to rise, with one supplier suspending quotes and expecting new quotes with higher increases. The fourth-quarter PC DRAM price increase is estimated to be significant, while the Server DRAM price increase is even greater.
• Spot Market: Spot prices are shrinking due to soaring specific DRAM chips, but the DRAM market outlook remains strong. Module prices will increase faster to narrow the price gap with bare chips.
• Inventory Levels:
  • DRAM Suppliers: Inventory levels are at a recent low, leading to hoarding.
  • PC Manufacturers: Inventory will further decline due to Server DRAM crowding out.
  • Module Houses: Difficulty in obtaining original factory supply, inventory continues to decline.
  • Large Cloud Service Providers: US large cloud service providers are depleting inventory quickly, while Chinese large cloud service providers are depleting inventory even faster.
  • Enterprise Server Manufacturers: Weak bargaining power, inventory is declining rapidly.
  • Smartphone Brands: Specific specifications are running out of inventory, another specification inventory level is low, and mobile DRAM prices will rise sharply.

Table of Contents

1. Market Update
2. TrendForce’s View
   • Inventory Levels of DRAM Suppliers and Clients in Major Application Segments

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