The last year and a half saw a significant slump in global storage chip demand, owing largely to the downturn in consumer electronics requirements. Major manufacturers like Samsung Electronics and SK Hynix were not immune to this impact.
1. Factors Behind the Resurgence
Despite the downturn, a notable rebound has been witnessed in the prices of Dynamic Random Access Memory (DRAM) products, primarily fueled by production cuts and increased demand in the field of artificial intelligence. Consequently, the sales revenue has been on an upward trajectory.
2. Recent Sales Figures
The latest data from research agencies reveals that in the third quarter of this year, global DRAM sales reached a staggering $13.24 billion, indicating a substantial 19.2% increase compared to $9.37 billion in the first quarter, marking two consecutive quarters of growth.
3. Insights into Leading Manufacturers
During the third quarter, Samsung Electronics secured a sales revenue of $5.2 billion for DRAM, marking a 17% increase, maintaining its position as the top manufacturer. However, its market share declined to 39.4%. On the other hand, SK Hynix achieved a sales figure of $4.63 billion, experiencing a substantial 34.59% surge, capturing a 35% market share, trailing Samsung Electronics marginally.
4. Future Projections
Notably, research institutions predict a nearly 30% year-on-year growth in global DRAM sales for the upcoming year. This forecast indicates a potential uptick in sales figures for major manufacturers, indicating a promising trajectory in the market.
In conclusion, despite the initial setback due to declining consumer electronics demand, the DRAM market has showcased resilience, attributed to production adjustments and heightened demand in specific sectors like artificial intelligence, setting the stage for a prospective growth phase.
5. FAQs
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1. What caused the decline in global storage chip demand initially?
The decline was primarily influenced by the downturn in consumer electronics demand worldwide.
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2. What factors contributed to the resurgence in DRAM product prices?
The prices rebounded due to production cuts and increased demand, especially in the realm of artificial intelligence.
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3. Which companies witnessed a surge in sales during the recent quarter?
Samsung Electronics and SK Hynix experienced substantial increases in their DRAM sales figures during the latest quarter.
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4. What does the future projection indicate for global DRAM sales?
Research institutions predict nearly 30% year-on-year growth in global DRAM sales for the upcoming year.
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5. How did the market share of major manufacturers shift during the recent quarter?
Although Samsung Electronics maintained its top position, its market share slightly declined, whereas SK Hynix captured a slightly larger share of the market.
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