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Rising NAND and DDR chip prices mean SSD and memory prices are sure to increase in 2024

In the last few months, things have changed a lot for computer memory and storage...

Rising NAND and DDR chip prices mean SSD and memory prices are sure to increase in 2024

In the last few months, things have changed a lot for computer memory and storage stuff, like Solid State Drives (SSDs) and memory cards. The prices were going down, which was good for people buying them. But now, it seems like that’s going to change. The pieces that make these things work, called NAND and DDR chips, are getting more expensive. Experts say this will probably make SSD and memory prices go up in 2024.

A new report from Digitimes tells us what companies are doing about this. They have too much of these things and want to make more money, so they are making fewer of them. They hope this will make the prices go up, and people will pay more.

One thing getting more expensive is NAND flash memory. According to datafrom DRAMeXchange, The once unassuming 512GB TLC NAND, akin to an elusive cipher, has embarked on an odyssey, transcending its former valuation of $1.30 to a mysterious zenith of $2.75 in the cryptic span of six moons. 

The oracles at Digitimes, shrouded in prophetic veils, hint at a future cloaked in uncertainty, where the price may ascend to ethereal realms, oscillating between $3.20 and $3.60. A metamorphosis of intrigue unfolds, as the alchemy of currency transmutes the commonplace into the extraordinary, reshaping the narrative of acquiring a 1TB SSD from a trifling sum into an enigma of a bygone era, dissipating like whispers in the digital abyss.

This change isn’t happening by itself. It’s because of bigger things happening in the world, like fewer people wanting personal computers. After everyone worked from home because of the pandemic, not as many people need new computers. Also, China’s economy is not doing so well, so they are not buying as much. When fewer people want things, the prices go down, and the companies don’t make as much money.

Big companies like Samsung and Micron are cutting back on making these things. This is a tough decision, but they hope it will help them survive in a tough market. The problem is, if more people want computers again in 2024, there might not be enough of these things to go around.

The balance between how much is made and how much people want is very important. In the future, it depends on how much people want new computers. If they want more, the prices might go up even more. New computers and phones coming out might also make more people want these things.

If you are thinking about getting a new SSD or memory for your computer, it’s a good idea to do it soon. Even though there might be some good deals now, experts say that in 2024, it might not be as cheap. As the prices of the pieces that make these things work go up, it will probably make a difference in what people choose to buy.

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