Samsung is next to hike prices on memory and storage devices

Samsung, a leading technology company, has announced price increases for its DRAM memory and NAND drives, starting in the fourth quarter of 2022. The price hike is expected to range from 15 to 30 percent for DRAM memory and 5 to 10 percent for NAND drives. The primary reason behind this decision is the increased demand from cloud companies, which has put pressure on the supply of these components. Other major memory and storage manufacturers, such as SanDisk and Micron, are also expected to raise their prices, with SanDisk's NAND devices increasing by around 10 percent and Micron's memory and storage products going up by 20 to 30 percent. This price increase is likely to impact consumers and businesses that rely on these components, as the cost of electronic devices and services may rise accordingly. The news highlights the ongoing challenges faced by the tech industry in meeting the growing demand for memory and storage solutions.