August 21, 2023 /SemiMedia/ -- According to industry insiders, Chinese memory module makers have stopped quoting and accepting new orders because they estimate that memory chip suppliers will raise prices soon.

According to earlier reports, the continued weakness in the consumer electronics market has forced memory chip suppliers to reduce capital investment and losses by reducing production and increasing product prices.

The source said that the module maker plans to increase product quotations by 8-10%.

Although the pressure on NAND flash memory inventories is easing, memory chip suppliers have already been hit hard in the field of NAND flash memory, and Samsung Electronics, SK Hynix and Micron Technology are all preparing to further cut production.

There will be a new round of price negotiations between buyers and suppliers, but the industry is clearly heading towards price increases.