Insight: A Massive Reallocation of Memory Capex
1 Min Read Oct 10, 2025
Explore how HBM’s rapid growth is redefining DRAM investment, overtaking mainstream and mobile segments.
There is currently underway a dramatic reallocation of investment in the DRAM industry. For several years, mainstream and mobile DRAM accounted for nearly all capex, with HBM barely registering. That pattern breaks sharply beginning in the early 2020s, when HBM began a multi-year surge marked by double- and even triple-digit annual growth rates. By the mid-to-late decade, HBM will account for the dominant share of memory capex, while growth in mainstream and mobile DRAM remains relatively flat.
This summary outlines the analysis* found on the TechInsights' Platform.
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