Taiwan's Nanya Technology has dropped a bombshell on the memory market: the DRAM shortage and price rally will persist through 2028, signaling an extended super-cycle.

February revenue hit NT$15.6 billion, a staggering 586% surge year-over-year, marking the fourth consecutive monthly record. Jan-Feb combined revenue jumped 597% to NT$30.9 billion.

Why the extended outlook?

Nanya President Pei-Ing Lee stated the supply-demand gap remains "huge." AI demand is penetrating from cloud to edge devices, ensuring years of rapid growth. Meanwhile, new supply—even ramping into 2028—may still fail to fill the void.

Pricing power firmly with suppliers:

Nanya VP Chuang Ta-jen confirmed quarterly price hikes will continue, with March performance expected to strengthen further. Customers are now locking in long-term contracts with price guarantees—a defensive shift signaling confidence in sustained tightness.

Capacity race heats up:

• 2026 CapEx: NT$50 billion (up 2.7x)

• New 12-inch fab in New Taipei: 45K wpm capacity, 10nm process

• Production starts 2H 2027, hiring 1,500

• Targeting 1B/1C/1D advanced DRAM processes

• Second fab possible if shortages persist

US demand exploding: Nanya expects US revenue share to rise sharply as demand grows 2-3x. China currently accounts for over 30% of revenue.

ICgoodFind : Nanya just drew the roadmap: DRAM tightness isn't a blip—it's a multi-year structural shift. Suppliers control pricing through 2028. Book your wafers now.