TrendForce Predicts Significant Rise in Mobile DRAM and NAND Flash Prices for 1Q24

According to TrendForce’s projections, the first quarter of 2024 is expected to witness a substantial increase in prices for mobile DRAM and NAND Flash (eMMC/UFS), with an anticipated seasonal rise ranging from 18% to 23%. Factors such as market dominance by a few major players and potential panic buying by brand clients could amplify this surge.

Observations for 1Q24 reveal consistent production planning by Chinese smartphone Original Equipment Manufacturers (OEMs). The noticeable uptick in memory prices is prompting buyers to actively increase their purchasing efforts to establish secure and competitively priced inventory levels.

TrendForce highlights the smartphone market as an early indicator of economic downturns, with continuous adjustments in inventories by buyers and sellers in the supply chain. As stockpiles reach their lowest points and the impact of reduced manufacturing persists, a robust rise in smartphone memory prices is anticipated.

The onset of 2024 is expected to witness memory prices rising higher than other sectors, driven by sustained demand from clients and the gradual scale-up of manufacturing operations. This escalation is projected to widen the supply-demand gap, with memory prices leading the upward trend for the season.

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