Global top-3 memory maker status, 4Q 2023

DIGITIMES Research found that DRAM and NAND flash revenues for each of the world's top-3 memory makers – Samsung, SK Hynix, and Micron – continued to climb in the fourth quarter of 2023, reflecting the gradual recovery of the memory market.

Looking ahead to 2024, the rebound in consumer electronics shipments, such as smartphones and notebooks, is expected to fuel memory demand. Furthermore, AI-enabled consumer electronics products are expected to drive market growth for high bandwidth memory (HBM) and low power compression attached memory modules (LPCAMM).

The combined memory revenues and operating profit margins of the top-3 makers improved in the fourth quarter of 2023. Apart from the success in clearing excessive inventory on the supply side, a rebound in electronic end-products demand was also a major driver.

• Introduction

• Revenues

• Chart 1: Global top-3 memory makers combined memory revenues, 4Q22-1Q24 (US$b)

• Performance breakdown

• By maker

• Chart 2: Memory business revenues of top-3 makers, 4Q22-1Q24 (US$b)

• Operating profit margin

• Chart 3: Memory business operating profit margin of top-3 makers, 4Q22-1Q24

• DRAM operating profit margin

• Chart 4: DRAM operating profit of top-2 makers, 4Q22-1Q24

• Memory development

• HBM business

• Table 1: HBM business by Korean makers, 2023 and beyond

• HBM roadmap

• Table 2: HBM volume production schedule of top-3 makers, 2015-2024

• LPCAMM

• Table 3: LPCAMM specifications and launch schedule of top-3 makers

• CXL 2.0

• Table 4: CXL 2.0 development schedule of top-3 memory makers and chips set to adopt CXL 2.0 technology

• Memory capacity and capex

• Table 5: Memory capacity and capex plans for 2024 of top-3 makers

• Table 6: Growth driving momentum of AI applications in 2024

• Summary

• Table 7: Memory makers operation summary in 2024