Smartphone shipment projections remained stable this month.
The high-end segment continued to show resilience, with preparation volumes maintaining upward momentum.
In the PC market, growth is expected to remain limited this year.
The demand from US AI data centers remained strong, with next year’s outlook now expected to exceed prior forecasts.
DRAM
PC OEM DDR5 UDIMM contract prices rose by a mid–single-digit percentage this quarter, coming in below suppliers’ expectations.
DDR4 UDIMM ASP would continue to rise in 4Q25. However, certain high-priced offerings have encountered order reductions.
Despite strong demand from US data centers expected in 2026, it has not been sufficient to drive DDR5 RDIMM prices significantly higher this quarter.
DDR4 RDIMM continued its upward momentum, with prices projected to rise further in 4Q25.
Mobile DRAM ASP recorded a stronger increase than other segments this quarter, while LPDDR4x contract prices are expected to climb more than 40% compared with 1Q25.
Consumer DRAM contract prices have continued to increase this quarter and are projected to rise further in the next quarter.
Nevertheless, end-user demand has weakened compared to the previous months.
At the same time, consumer DRAM spot prices have softened, and OEM procurement from the spot market is declining.
In the channel market, demand for DDR5 modules has strengthened, whereas DDR4 module demand remains sluggish.
The transition from DDR4 to DDR5 in the PC market is becoming increasingly evident.
This month, in the spot market,
16G DDR5 x8 original brand component up 2%.
16G DDR4 x8 original brand component up 3%.
16G DDR4 x8 ETT/UTT grade component down 5%.
8G DDR4 x8 original brand component down 1%.
8G DDR4 x8 ETT/UTT grade component down 3%.
8G DDR4 x16 original brand component doen 3%.
8G DDR4 x16 ETT/UTT grade component down 4%.
NAND
PC OEM cSSD contract prices increased by a mid-single digit percentage as expected, though demand for cSSDs remains weaker compared with eSSD.
eSSD ASPs are expected to outperform cSSDs in 4Q25, driven by incremental upside orders from U.S. data centers.
In addition, the ongoing shortage of nearline HDDs is prompting US data centers to further increase eSSD procurement in the coming year.
However, the DDR4 shortage would constrain the supply of eSSD and place the pressure on the value cSSD.
On the channel side, cSSD demand remains sluggish, leading to slight price erosion.
A certain PCBA vendor has intention to raise cSSD prices in late 3Q25.
Raw NAND prices increased this month despite relatively weak demand.