Nomura: Storage chip prices may rise further in the second quarter

According to Golden Ten Data on March 9, analysts from Nomura Securities stated in a research report that storage chip prices may further rise in the second quarter. Nomura expects that the prices of both DRAM and NAND will increase by more than 30% to 50% quarter-on-quarter in the second quarter, exceeding their previous expectations. They pointed out that buyers are willing to pay higher prices to secure storage chip supplies, while storage chip suppliers are relatively passive in accepting the higher prices proposed by customers. Meanwhile, customers are seeking long-term agreements of three years or more, whereas previous contract terms were much shorter. Longer contracts may raise the valuation multiples of storage chip manufacturers to the level of foundries.