The pandemic boom in memory chips is on pause.
A decline in prices in recent months has led the biggest memory players—including Samsung Electronics and Micron Technology to issue grim forecasts and undershoot already-lowered profit estimates. Others have pledged to trim production capacity plans fearing a worsening supply glut. Chip executives and industry analysts don’t see price declines bottoming out, or even moderating, until the middle of next year.
Source: https://www.wsj.com/articles/memory-chip-makers-struggle-with-decline-in-demand-and-price-falls-11665141235?siteid=yhoof2&yptr=yahoo