Serenity: Extremely bullish on traditional and mature-node memory, with price increases set to far exceed those of GPU leasing and MLCC.

BlockBeats news, September 17 — Serenity posted that it is extremely bullish on traditional and mature-node memory, with price increases far exceeding the GPU rental price hikes announced by Nebius that day (+17%-21%) as well as MLCC capacitor price increases from Taiyo Yuden, Murata, and others. Serenity estimates the expected increases over half a year or in the third quarter: SLC NAND to rise another 120%-170% in the second half versus the first half, high-capacity NOR Flash to rise another 90%-110%, DDR3/DDR4 to rise about 50%, DDR2 to rise 35%-40% in the third quarter, LPDDR to rise 20% or more in the third quarter, and DDR1, older LPDDR, and PSRAM are also rising. These increases are further upside stacked on top of the price hikes that already occurred in the first half.

Serenity emphasized that SLC NAND already rose 130%-150% in the first half, so the cumulative increase for all of 2026 could reach 406%-575%. This surge in selling prices will drive gross profit and net profit more than the impact of rising upstream wafer costs — for example, Powerchip's DRAM wafers rose about 45% — so many fabless companies making traditional memory are expected to report very strong third-quarter earnings.