Institution: In the second half of this year, the price of HBM4 may rise to $4–5 per thousand bits

Golden Finance reports, on July 12, that a DigiTimes report shows that driven by a surge in AI demand and structural capacity bottlenecks, the price of next-generation HBM4 in the second half of 2026 may rise from $2 per kilobit to $4–5 per kilobit or higher. On the one hand, this is due to the extreme complexity of the HBM4 manufacturing process: its production cycle lasts four to six months, and its initial yields are significantly low. On the other hand, the wafer capacity consumed by HBM production is about three times that of standard DDR5 DRAM, severely limiting the total memory volume that manufacturers can produce in existing facilities.
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