Recently, DRAM manufacturer Nanya Technology announced its revenue data for July, reaching NT$24.37 billion, a decrease of 0.85% compared to June and a decrease of 44.56% compared to the same period last year. This data represents the second highest monthly revenue this year. The cumulative revenue for the year up to July was NT$158.89 billion, a year-on-year decrease of 62.5%.
Nanya Technology previously predicted that the prices of DRAM products in the third quarter would have fluctuations, but the overall price decline would gradually converge, and sales volume would slightly increase. They believe that industry demand has bottomed out in the second quarter and is expected to gradually improve in the second half of the year.
Nanya Technology also pointed out that some DRAM suppliers have started destocking in the second quarter, and various manufacturers have adjusted their capacity and capital expenditures. However, they stated that the situation in the second half of the year still needs to be observed, including the destocking of DDR4 inventory, the growth of DDR5, and the overall demand recovery. They expect a chance to restore supply-demand balance in the fourth quarter.
Nanya Technology also mentioned that although the prices of some DRAM products, including consumer and high-end AI products, have increased in the third quarter, there may still be a slight decline in some products. Therefore, they predict a small decrease in the overall average selling price, increasing the pressure to achieve positive gross margins.
According to the latest research from TrendForce, a global market research firm, they predict that the overall NAND Flash average price will continue to decline by about 3-8% in the third quarter, with a potential rebound in the fourth quarter. They also expect the decline in DRAM average price to converge to 0-5%.