India, Nov. 14 -- TrendForce's latest investigations reveal that despite higher ASPs boosting profitability across the memory industry, capital spending on DRAM and NAND Flash is only anticipated to increase modestly in 2026. This limited investment growth is unlikely to significantly affect bit output. Instead, the emphasis is shifting from capacity expansion to advancements such as process technology upgrades, higher-layer stacking, hybrid bonding, and high-value products such as HBM.

In the DRAM sector, total capital expenditure is expected to reach $53.7 billion in 2025 and rise to $61.3 billion in 2026, representing about 14% YoY growth. For NAND Flash, spending is projected to rise from $21.1 billion in 2025 to $22.2 billion in 202...