DRAM
PC OEM shipment was not as good as expected, the set inventory increased.
They have to adjust their inventory to keep a healthy inventory level.
Server build volume is limited by the component shortage issue in 3Q21, and server vendors expect the shortage issue could be eased in 4Q21.
Regarding the Smartphone market, the set inventory was reduced by aggressive promotion and production adjustment.
However, their memory inventory is relatively high and they suffered the component shortage issue as well, they may adjust their procurement plan.
In conclusion, the PC demand is weaker than other major applications.
In the spot market, the module ASP keeps declining, and component ASP down significantly this month.
8G DDR4 x8 original brand component declined high single-digit and ETT/UTT grade component declined more than 10%.
4G DDR3 x16 component declined middle to low single-digit, but 2G DDR3 x16 component down more than 10% this month.
The consumer market demand keeps a conservative perspective.
NAND
Enterprise SSD demand is stable next quarter, the contract price adjusted up a little in 4Q21.
The component shortage impacts this segment and it will still exist in 4Q21, but it’s not as serious as before.
PC OEMs would try to lower their inventory level in 4Q21 as NAND Flash Price trend down and the weak PC shipment. The PC set inventory increased.
Suppliers were promoting client SSD to PC markers this month, because the current channel demand is not well, and they are not able to sell NAND wafers at current price.
In the Channel market, the major client SSD makers are promoting high-density SSD to decrease their inventory level.