TrendForce: Global DRAM Revenue Drops Nearly 30% in Q3

Recently, according to research data from TrendForce, the global DRAM industry revenue in the third quarter of 2022 will be US$18.19 billion, a quarterly decrease of 28.9%, which is the second highest rate of decline since the financial tsunami in 2008.

Looking at the entire market, the fundamental reason for the decline in DRAM revenue lies in the weakness of the consumer side. The demand for consumer electronics continues to shrink, and the contract price decline has not only expanded to 10~15%. Even server DRAM clients, which had relatively stable shipments, have also begun to adjust their inventory. The momentum of purchases has dropped significantly compared to the second quarter.

In terms of revenue, the revenues of the three major OEMs Samsung, SK Hynix, and Micron were all lower than the previous second quarter. Among them, Samsung’s revenue was US$7.40 billion, a quarterly decrease of 33.5%, the largest decline among the three major original manufacturers; SK Hynix’s revenue was approximately US$5.24 billion, a quarterly decrease of 25.2%; Micron’s revenue was approximately US$4.81 billion, due to the financial report range Differently, the decline in average selling price is smaller than that of the two Korean manufacturers, so the decline in revenue is the smallest among the three original manufacturers.

However, in terms of future development expectations, TrendForce said that the operating profit ratio of the three major manufacturers is still at a relatively high level, but the market expects that the inventory depletion in 2022 will last at least until the first half of 2023, and the profit margin will continue to be limited. compression.

In terms of production capacity planning, due to the decline in market demand for lenses, the pace of Samsung's old factories transferring to CIS has gradually slowed down. In addition, after P3L is put into production next year, the production capacity will increase next year, but it will slow down due to the fact that inventory reduction is not as expected. The speed of transition to advanced manufacturing processes will limit the growth rate of output in 2023. Considering the unfavorable situation on the demand side, SK hynix will also slow down the speed of process transfer, and also take a conservative view of the growth rate of output in 2023. Due to the increasing difficulty of 1beta nanometer technology and weak market conditions, Micron’s 1beta nanometer mass production schedule has also been delayed. In 2023, the output growth of Micron will be the most conservative among the three major original manufacturers, and it is not ruled out that there will be more clear after the rapid shrinkage of profits. production reduction actions.