India, Dec. 22 -- TrendForce's latest research indicates that tight supply conditions in the memory market have recently driven a sharp rise in conventional DRAM prices. While HBM3e has also benefited from upward revisions to GPU and ASIC orders-pushing its prices higher-the ASP gap between HBM3e and DDR5 is expected to continue to narrow significantly over the next year.

TrendForce reports that in May 2025, Nvidia was the first to start procurement talks for 2026 with the three main DRAM suppliers. At that point, prices were predominantly driven by buyers, leading to early HBM3e purchase prices for 2026 that were significantly lower than in 2025.

However, the supply-demand balance in the market started shifting quickly in 3Q25. The inc...