The world's two largest memory chipmakers signal demand weakness may have bottomed out
Publishing timestamp: 2023-11-06 21:01:15
Summary
South Korean memory suppliers SK Hynix and Samsung have seen improvements in their earnings, indicating that the memory industry may have bottomed out. Chipmakers have scaled back production to reduce excess inventories. The demand for memory chips is expected to increase due to industry-wide supply reduction and the growing demand for generative AI. Other chipmakers, such as TSMC and Qualcomm, have also projected strong outlooks. Memory suppliers are expected to continue scaling back production, which could lead to limited supply and favorable memory prices.
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Keywords: breaking news: technology, asia economy, qualcomm inc, arm holdings plc, apple inc, business news, technology, nvidia corp,