SK Hynix raises prices for all storage products, up to 20%

According to the latest news from the supply chain, SK Hynix plans to increase the prices of its LPDDR5, LPDDR4, NAND and DDR5 storage products, and the increase is expected to reach 15%-20%.

Since the fourth quarter of last year, Hynix’s DRAM product prices have shown a continuous upward trend. So far, its cumulative increase has reached an astonishing 60%-100%. However, according to market observations, price increases may slow down in the second half of the year.

At the same time, Samsung Electronics also benefited from rising prices for storage products. The financial report as of the first quarter of 2024 shows that its storage business revenue in the first quarter was as high as 660.6 million won. According to Samsung Electronics' financial report, its storage business revenue in the first quarter reached 1.749 billion won, a month-on-month increase of 11% and a year-on-year surge of 96%, accounting for 75.58% of the entire semiconductor business revenue.

According to the data editor’s understanding, Samsung Electronics mentioned in its financial report that the overall demand for the storage market in the first quarter of this year was strong, especially the demand for DDR5 and NAND Flash. This is Largely driven by the smartphone industry. The price increase trend within the industry is also closely related to this.

Professional industry experts pointed out that the demand for DRAM and NAND Flash in the personal computer and mobile device markets continues to grow, mainly due to the strong demand from Chinese mobile device OEM customers. In such a market environment, it is reasonable for the prices of storage products to rise.

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