Memory Market Upswing Expected to Continue until Year-End: Micron Financial Report Surpasses Expectations, Taiwan Manufacturers Performing Well

Reported 9 months ago

Micron, a leading memory manufacturer, reported better-than-expected financial results in the last quarter with prices of DRAM and NAND continuously increasing, indicating the upward trend in memory prices expected to continue until the end of 2024, with capital expenditures for the year around 8 billion USD, surpassing the original estimate of 7.5-8 billion USD. The trend is expected to benefit Taiwanese module manufacturers like Unigroup, ADATA, Wistron, Phison, and backend testing company ASE. Micron's revenue in the last quarter was 6.8 billion USD, and it is anticipated that the memory price hike trend will persist until the end of 2024 due to the growing demand driven by AI applications.

Source: YAHOO

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