There are no signs yet of a significant rebound in consumer market.
The smartphone market is stable so far, but it could face turbulence in the second half of 2024.
China’s smartphone shipments in early March surpassed last year’s figures.
PC demand would be soft in Q2 2024, while server demand has seen some improvement due to increased bidding.
Despite the uptick in server demand, robust growth in the server market remains unlikely for 2024.
DRAM
RDIMM price would rise more the other segments in 2Q24
DRAM contract pricing will be higher for the coming quarter.
Due to the high initial offer for 2Q24 contracts, negotiations are likely to take longer to finalize.
Tighter supply of RDIMM5 could lead to a steeper price increase compared to other memory segments.
The price gap between LPDDR4x and LPDDR5x would shrink more.
The spot market weakened significantly compared to last month, even though official price quotes continued to show upward momentum.
More and more inquiries released to the spot market, but the transaction is no much as end demand soft.
Component trading prices declined this month due to weak demand.
However, the price of channel DRAM module has increased as manufacturing costs continue to rise.
This month, in the spot market,
16G DDR5 x8 original brand component is stable.
16G DDR4 x8 original brand component down slightly.
16G DDR4 x8 ETT/UTT grade component is stable.
8G DDR4 x8 original brand component down slightly.
8G DDR4 x8 ETT/UTT grade component is stable.
4G DDR3 x16 original brand component down low single digit.
4G DDR3 x16 ETT/UTT grade component is stable.
NAND
Some bidding demand occurred from the US market, the eSSD demand increased a lot, especially from QLC eSSD.
In addition, some US DC upside the eSSD order recently.
That will would push the eSSD pricing higher in the coming quarters.
The price for the other NAND applications might increase more as well.
Regarding contract pricing, SSD solutions such as eSSD and cSSD could increase more than smartphone solutions in 2Q24.
The raw NAND wafer price has been rising this month, and it could be higher in 2Q24 as well.
The channel demand is weak, and it’s weaker than last month.