Demand has no obvious improving, the price behaved quite different from spot to OEMs

The AI computing demand boosted, but the rest of applications performed sluggish.

The PC shipment might have single digit QoQ increasing this quarter, and the Chromebook demand might grow compared with last year.
The flagship model smartphone performed better than expected, which is not cutting order as the middle to low end smartphone.
Server market remained soft, but the AI related demand is strong.

DRAM

DRAM demand has no obvious improving

PC contract price is lower than expected in the second quarter, and DDR5 UDIMM price declined less than DDR4 UDIMM due to relatively tight on DDR5 5600 supply.
Skhynix is the only supplier, which able to supply DDR5 5600 smoothly.

Some low RDIMM5 price offering is no longer existing.
The RDIMM5 price is stable and the price gap between RDIMM4 and RDIMM5 gets wider because Samsung couldn’t fully support so far.

The DDR5 adoption rate improved for both PC and Server, the demand from new platform is much stronger than old platforms.

In the channel market, the demand is similar with last month.
DDR4 component pricing declined continued, certain module houses dropped the DDR4 module price to have better sales.
Regarding the 618 event, the module houses would cut the DRAM module price to stimulate the shipment.
The DDR5 spot price hike due to the DDR5 5600 component supply tight, and price up high single digit this month.

This month, in the spot market,
16G DDR4 x8 original brand component declined around 10%.
16G DDR4 x8 ETT/UTT grade component declined high single digit.
8G DDR4 x8 original brand component declined 10%+.
8G DDR4 x8 ETT/UTT grade component declined low to mid single digit.
4G DDR3 x16 original brand component declined mid single digit.
4G DDR3 x16 ETT/UTT grade component declined mid single digit.

NAND

The SSD contract price gets weaker, the PC OEMs has less intention to increase the 1TB portion so far. It’s not a good sign for content growing.
Certain supplier’s NAND wafer price offering and the white brand SSD quotation increased this month.
However, the price hike is not well accepted by the market, the transaction is limited.

In the coming 618, the module houses would drop the SSD price for promotion.
The wafer price might not be easy to sustain at current level if the channel demand is not strong enough in the end of 2Q23.