TechFlow news, according to TechFlow Research, Goldman Sachs released the DRAM Sentiment Index monthly report on June 30, with 7 out of 9 indicators positive, sentiment remains "moderately positive". DDR5 16Gb spot price has risen 20% since May 1, a 25% premium over contract price; DDR4 8Gb rose 11%, with a 45% premium.
South Korea's May DRAM export value hit a record high, up 370% year-over-year. Nanya Technology's May revenue increased 730% year-over-year, marking 10 consecutive months of triple-digit growth.
The acceleration of Samsung DRAM ASP price increases is slowing. Goldman Sachs estimates Q2 2026 ASP will rise about 46% quarter-over-quarter, significantly down 48 percentage points from Q1's 93%.
Mainland China mobile phone shipments in May increased 19% year-over-year, positive growth for two consecutive months, but Goldman Sachs warns Q2 shipments may decrease 14% quarter-over-quarter due to storage price hikes raising device costs.
Goldman Sachs significantly raised Samsung's 2027 HBM price growth expectation from +14% to +44%, reasoning that the tight balance of traditional DRAM is being transmitted to HBM annual pricing through price spreads, with further upside risks. Samsung Electronics maintains a buy rating, with a common stock target price of 480,000 Korean won and preferred stock at 360,000 Korean won.
