DIGITIMES Research found that DRAM and NAND flash revenues for each of the world's top-3 memory makers – Samsung, SK Hynix, and Micron – continued to climb in the fourth quarter of 2023, reflecting the gradual recovery of the memory market.
Looking ahead to 2024, the rebound in consumer electronics shipments, such as smartphones and notebooks, is expected to fuel memory demand. Furthermore, AI-enabled consumer electronics products are expected to drive market growth for high bandwidth memory (HBM) and low power compression attached memory modules (LPCAMM).
The combined memory revenues and operating profit margins of the top-3 makers improved in the fourth quarter of 2023. Apart from the success in clearing excessive inventory on the supply side, a rebound in electronic end-products demand was also a major driver.
Chart 1: Global top-3 memory makers combined memory revenues, 4Q22-1Q24 (US$b)
Chart 2: Memory business revenues of top-3 makers, 4Q22-1Q24 (US$b)
Chart 3: Memory business operating profit margin of top-3 makers, 4Q22-1Q24
Table 2: HBM volume production schedule of top-3 makers, 2015-2024
Table 3: LPCAMM specifications and launch schedule of top-3 makers
Table 5: Memory capacity and capex plans for 2024 of top-3 makers
