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The next golden decade for DRAM? Main suppliers unite in production reduction

The world’s top three DRAM suppliers are cutting production. It is expected that Samsung Electronics, SK Hynix, and Micron will reduce wafer supply by up to 25% YoY in 2023. This would help set the DRAM market back to normal supply-demand dynamics, and start to ease oversupply, starting from 2024. DRAM suppliers would also recover some power in price negotiation.