The agency said the global DRAM market fell to $18.19 billion in the third quarter, down 28.9% from the previous quarter.

November 18 news, according to foreign media reports, affected by the decline in demand for consumer electronic products, the demand for memory chips has also declined, the market situation is not optimistic.

According to the latest report released by the research institute, the global DRAM market fell to US $18.187 billion in the third quarter of this year, down from US $25.594 billion in the previous quarter and down 28.9% from the previous quarter.

The 28.9% month-on-month decline in the third quarter was the second-largest decline in the global economy after the financial crisis in 2008, the research institute said in a report.

According to the research institute's report, the size of the global DRAM market fell sharply in the third quarter compared with the same period last year, as demand for consumer electronics fell, resulting in declines in both shipments and prices, and the decline in contract prices widened to 10 per cent and 15 per cent in the third quarter.

In addition to the decline in demand for DRAM for consumer electronics, demand for the relatively stable server DRAM also slowed significantly in the third quarter, mainly as buyers began to adjust their inventories.