In the first quarter of 2025, the DRAM industry's revenue dipped to $27.01 billion, marking a 5.5% decrease from the previous quarter. This decline was primarily driven by the fall in the contract price of standard DRAM and the contraction in the shipment scale of High Bandwidth Memory (HBM). Despite Samsung's efforts to alleviate capacity pressure and foster downstream inventory digestion through adjustments to its HBM3e design, contract prices for most products continued to slide. It is anticipated that in the second quarter, contract prices for key applications will stabilize and rebound, indicating an overall upward trend.