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Memory chip prices have risen by more than six times over the past year, as the market heads toward significant growth, increasing from around $220 billion in 2025 to approximately $890 billion in 2026, with capacity expanding by 30% by 2027. This increase was driven by a structural supply shortage resulting from rising demand for artificial intelligence applications, which is expected to cause a shortage of about 58 million memory units by 2027. Three companies dominate around 90% of the chip supply.
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