TeamGroup CEO says memory supply balance may wait until late 2028

TeamGroup chief executive Chen Ching says memory supply and demand are unlikely to balance before the second half of 2028 at the earliest, and that the hardest stretch for buyers is still ahead.¹

The comments follow an earnings call in which the memory-module maker posted record quarterly revenue of NT$10.139 billion, about $308 million and 34% higher than the prior quarter. Chen says that even through 2027 there will be no downward price trend whatsoever.¹

He places the worst of the shortage from now until the middle of next year. “Right now you can still buy goods, they’re just expensive,” he said, warning that in a little while buyers may not be able to buy goods at all.¹

That lands directly on the open case of anyone still building or upgrading a PC. TeamGroup, like other module makers, is steering volume toward data-centre and enterprise customers, where the cash return is higher. Fully two thirds of the company’s business now goes to other businesses; that share used to be a quarter, with most of the rest aimed at the consumer channel.¹

Chen says relationships with vendors should keep some inventory moving even when the firm pays premium spot prices. Supply remains the bottleneck. Equilibrium, in his view, is unlikely any time before late 2028 and could slip later. His question for anyone waiting on a drop is simple: how can prices fall when there is nothing left?¹

This account rests on a single PC Gamer report that draws on BigGo Finance coverage of the call.

Think of a DRAM kit the way you think of a cooler that never leaves the warehouse: the board still needs it, but the box stays empty no matter what you budget.

On the bench: if a build or upgrade still needs memory, treat what is on shelves now as the stock that exists, not a short spike, because the timeline Chen describes runs in years.

Our read: Chen is describing a multi-year shift of wafers and modules toward data centres that leaves consumer DRAM as residual capacity. The revenue jump and the two-thirds enterprise mix support that picture; a clear ramp of consumer-bound supply before mid-2028 would undercut it. Until then the open question is less when stick prices ease and more whether retail channels keep meaningful volume at all.

Footnotes

1. PC Gamer, “‘How can prices fall when there’s nothing left?’ TeamGroup CEO reckons supply-demand memory equilibrium may not happen until late 2028 at the earliest”. Retrieved November 4, 2026. ↩ ↩² ↩³ ↩⁴ ↩⁵