Overview: This report highlights an exceptional memory market bull cycle surpassing the 2018 peak, with strong supplier pricing power and rising costs reshaping hardware BOMs. Despite capacity expansion, supply constraints are expected to persist, driving further price increases into at least H1 2026.

Table of Contents:

  • Twice as Hot as 2018: The Unstoppable Memory Bull Market
  • A New Reality: The Rising Cost of Bill of Materials (BOM)
  • Supply Expansion: A Long Road Ahead