The global memory chip market in 2024 shows a continuous upward trend, with DRAM and NAND flash prices driven by multiple factors.
DRAM Prices Continue to Rise
Driven by the surge in AI server demand and the recovery of the traditional PC market, the supply and demand relationship for DRAM chips remains tight. Mainstream DRAM product prices have risen more than 20% compared to the beginning of the year, and the upward trend is expected to continue into 2025.
NAND Flash Market Recovery
The NAND flash market has seen a strong rebound after the 2023 downturn. Smartphone storage capacity upgrades and data center SSD demand growth are the main factors driving NAND price increases.
AI Demand Becomes Core Driver
The explosive growth in demand for high-bandwidth memory (HBM) for AI large model training is driving memory chip manufacturers to accelerate capacity expansion. Samsung, SK Hynix and Micron have all announced increased investment in HBM production lines.