Key Highlights
- The businesses of Samsung Electronics, Micron and SK Hynix are experiencing a sharp surge in demand.
- They make up almost all of the RAM market.
- “We have seen a very sharp, significant surge in demand for memory, and it has far outpaced our ability to supply that memory and, in our estimation, the supply capability of the whole memory industry,” Micron business chief Sumit Sadana was quoted as saying by CNBC at an event.
- Shares of Micron have jumped 247% in a year, and in its most recent quarter the company reported its net income has tripled.
- Samsung, too, said earlier this week that its operating profit is expected to triple in the December quarter.
