Memory-Chip Prices Fall From Pandemic Highs

SEOUL—Prices of memory chips, stuffed into nearly every electronic gadget, enjoyed a meteoric rise throughout the pandemic. Now prices have come down to levels that suggest the demand boom is likely over.

The average contract price for a major type of memory, called DRAM, fell by 10.6% during the April-to-June quarter versus the prior year, the first such decline in two years, according to TrendForce, a Taiwan-based market research firm. Prices are expected to decline even more dramatically in the months ahead.