Memory Chip Makers Struggle With Declines in Demand, Price

The pandemic boom in memory chips is on pause.

A decline in prices in recent months has led the biggest memory players—like Samsung Electronics and Micron Technology to issue grim forecasts and undershoot already-lowered profit estimates. Others have pledged to trim production capacity plans fearing a worsening supply glut. Chip executives and industry analysts don’t see price declines bottoming out—or even moderating—until the middle of next year.