World sees historic collapse in memory chip prices
), which is the main product sold to data centres and enterprise customers, fared only slightly better — and the two periods rank among the worst collapses recorded since 2006.
Most memory chip makers cut back production and delayed expansion plans in the latter half of 2022 in response to a rapid cooling of the global economy. Micron Technology, SK Hynix and Kioxia Holdings all announced measures to try and stabilise the market by reining in oversupply. Samsung Electronics, the world’s biggest memory supplier, has so far refused to change course and is sticking to an aggressive capex plan that would see it spend more than US$30-billion in building further capacity this year.
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