Jefferies: Memory chip prices could spike sharply in the second half of 2026, not expected to decline until 2028.

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ME News Message, June 29 (UTC+8),, Investment bank Jefferies' latest research report points out that driven by sustained global supply shortages and strong AI computing demand, memory chip prices will see a significant increase in the second half of 2026 and 2027. The report predicts that in the third quarter of 2026, memory chip prices will rise 40% to 50% quarter-on-quarter, and in the fourth quarter they will continue to rise 30% to 40% quarter-on-quarter; in 2027, the overall year-on-year increase will be 40% to 45%. Not until 2028, with 15% to 20% of new capacity coming to market, are prices expected to decline. In addition, the report emphasizes that currently about 50% of global memory capacity has been locked in by long-term agreements (LTAs) with large tech companies, which will further compress the supply in the consumer electronics market and push up terminal costs. Analysts also believe that domestic Chinese memory manufacturers will find it difficult to significantly ease the tight situation and prices in the global market before their large-scale capacity expansion in 2028. (Source: ChainCatcher)
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