The memory chip boom cycle will last at least until 2027!


Traditional DRAM prices have increased about 4.5 times since Q3 2025, while HBM has not kept up due to annual contract lock-in prices.
As a result, the unit revenue and gross profit of traditional DRAM are actually higher than those of HBM.
Manufacturers can no longer sit still and are renegotiating HBM prices with GPU/XPU customers for 2027, with expected increases of 2 to 2.5 times.
Samsung, SK Hynix, and Micron continue to benefit.
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