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Global DRAM and NAND flash industry

Chiawen Chang, DIGITIMES Research, Taipei 0

Credit: DIGITIMES

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The business operation of the DRAM and NAND Flash sector of the world's top three memory manufacturers - Samsung, SK Hynix, and Micron - has improved since the beginning of the second half of 2023 and demand will enjoy a bigger recovery in the fourth quarter, boosting the three makers' revenues and profits.
Abstract

Because of external factors such as the US-China tech war, global economy, and war between Ukraine and Russia as well as Israel and Hamas, the global top three memory makers are maintaining their capacity reduction plans and will instead focus on advanced process transition and raising the production capacity of high bandwidth memory (HBM)

Because of a decline in inventory levels at end-customers, a rebound in memory demand during the peak season and ongoing production cuts by memory manufacturers, memory prices increased with the combined revenues of the three major memory makers hitting US$18.5 billion in the third quarter of 2023, maintaining a quarter-on-quarter growth and a smaller year-on-year decline compared to the previous three quarters.

The operating profit margin of each of the three manufacturers also improved compared to the previous quarter. Particularly, SK Hynix, benefiting from demand for HBM, showed a significant improvement in DRAM revenue growth and memory operating profit margins.

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