Global Memory Market Reaches 350 Trillion Won in Q2; Growth Expected to Slow in Second Half of Next Year

A forecast suggests that the global memory semiconductor market will reach nearly 350 trillion won in the second quarter of this year.

According to market research firm Counterpoint Research on July 3, the memory market in the second quarter is expected to reach 350 trillion won, an increase of more than 60 percent from the previous quarter and 380 percent compared to last year.

Counterpoint explains that this growth is driven by rising prices resulting from explosive demand for memory.

In fact, prices for both DRAM and NAND flash have risen by more than 50 percent compared to the previous quarter.

Counterpoint projects that Samsung Electronics and SK Hynix, which are set to announce their earnings, will outperform U.S.-based Micron.

Recently, Micron announced that its revenue for the third fiscal quarter (March to May) reached 41.46 billion dollars, a 345.7 percent increase from 9.3 billion dollars during the same period last year.


Counterpoint analyzed, "Samsung Electronics' memory performance is expected to exceed 110 trillion won for the first time in history, and SK Hynix is also expected to show high growth," adding, "While there may be differences between companies due to the timing of Long-Term Agreements (LTA) or provisions for performance bonuses, the market growth trend will be clear."

Counterpoint explained, "However, as the rise in manufacturing costs due to the memory price hike leads to higher consumer prices, product demand is decreasing slightly. Furthermore, with the price-fixing effect caused by long-term contracts, the market growth is expected to slow down starting in the second half of next year."

(Photo courtesy of Counterpoint Research, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.