In 2022, memory prices continue to fail, affected by oversupply and higher original inventory, and the market spot price in December is still weak and declining. The industry believes that market prices in the first quarter of 2023 still lack support, and order visibility is uncertain, but the decline is still expected to converge. Since 2022, DRAM prices have declined quarter by quarter, and the cumulative spot price decline from the beginning of the year to the end of the year has exceeded 40%.