INSTITUTION: HBM4 PRICE RISES TO $4-5 PER THOUSAND BITS IN THE SECOND HALF OF THE YEAR

On 12 July, the DigiTimes report indicated that the next generation of HBM4 prices had risen to $4-5 and above in the second half of 2026, or from $2/kilobit. This is due to the extreme complexity of the HBM4 manufacturing process, which has a production cycle of four to six months and has a significantly lower initial performance rate, and to the fact that HBM production consumes about three times the crystaln circle capacity of standard DDR5DRAM, which severely limits the total internal stock that manufacturers can produce in existing facilities。