Global DRAM Revenue Up 13.6% in Q3 2024, Further Growth Predicted for Q4 Despite Supply Adjustments

The global DRAM market experienced a 13.6% revenue increase in the third quarter of 2024, driven by strong demand for DDR5 and HBM memory, according to a report by TrendForce. Despite a decline in shipments of older memory types like LPDDR4 and DDR4, the overall market revenue grew by $3.1 billion, reaching $26.02 billion, up from $22.9 billion in Q2 2024. Market Share and Growth Samsung maintained its leading position with a 41.1% market share, although this represents a slight decrease of 1.8% compared to the previous quarter. However, Samsung's revenue still grew by 9% QoQ. SK Hynix and Micron also saw significant growth, with revenue increases of 13.1% and 28.3%, respectively. Micron's growth was particularly notable, attributed to increased shipments of server DRAM and HBM3e. Micron now holds a 22.2% market share, up from 19.6% in Q2. In contrast, Taiwanese DRAM suppliers like Nanya, Winbond, and PSMC experienced revenue declines. Market Trends and Future Outlook Despite revenue…