Memory chips will remain the buyer's market in the short term, and supplier inventory will remain high.

According to media reports, the decline in demand for memory chips caused by the decline in global demand for consumer electronics products that began in the second half of last year has affected the performance of memory chip manufacturers, Samsung Electronics and SK Hynix are no exception.

As the world's largest memory chip manufacturer, Samsung's storage business revenue has fallen sharply year-on-year for three consecutive quarters;SK Hynix's revenue has also fallen sharply year-on-year for three consecutive quarters, with net losses in the fourth quarter of last year and the first quarter of this year.

Under the background that the demand for consumer electronics products has not improved yet, the impact on major memory chip manufacturers continues. Although the fire of artificial intelligence brings new demand and large factories are cutting production, the overall demand is still not optimistic.

Relevant media reports also show that as suppliers 'inventories remain high, global memory chips will remain a buyer's market in the short term, and prices will still fall into a tug of war between suppliers and customers in the second quarter.

Although the overall situation is still not optimistic, some suppliers have expected to improve in the second quarter. SK Hynix disclosed in its first-quarter earnings report that they expect revenue to rebound in the second quarter after bottoming out in the first quarter as sales gradually increase.