■ Production & Inventory Supplier inventory is being exhausted to the minimum level.
Increases in production capacity are expected to be limited compared to past upcycles.
■ B/G (Bit Growth) expected to grow by 24% due to rapid increase in server demand related to rapid increase in server demand
Server proportion: expected to increase significantly from 25 to 38% → 30 to 53%
DRAM supercycle expected due to surge in AI demand
■ DRAM for PC
DRAM production growth for general PCs is expected to fall short of demand until 2028.
For the new DRAM fab (FAB), additional capacity is expected in 2028 due to the lead time (L/T) for normalization of operation.
Supplier inventory is rapidly decreasing, and DRAM capacity growth is limited due to lead times due to transition to new technology.
■ PC shipments and AI PC PC shipments in 2026 are expected to remain at similar levels to this year, and the AI PC market is expected to expand
PC sales volume will be similar to 2025, but DRAM capacity is expected to increase due to expansion of AI PCs
AI PCs expected to account for 55% of all PCs by 2026
■ B/G expected to grow by 18% due to rapid increase in server and NAND-related server demand
Server eSSD expected to grow 36% due to rapid increase in AI demand
There is no significant growth in consumer products, but expansion of QLC products is expected.
■ IDM investment and NAND supply Large-scale investment by IDM companies is focused on server DRAM/HBM, resulting in a relative NAND supply shortage
Plan to respond to demand shortfall with NAND inventory
As a result, inventory levels will drop sharply and upward price pressure is expected to continue.