{"success":true,"data":{"dataset":{"id":"hbm-pricing","name":"HBM Price per GB by Generation","category":"memory","description":"HBM contract and blended pricing per GB, HBM2 through HBM4, with dated anchors from 2017 through 2026. Contract prices are confidential, so points are typed: Confirmed (source states the number), or Estimate (derived/modelled — derivation named per point). NOTE: no public HBM spot market exists in any generation — HBM sells via annual/multi-year LTAs; DRAMeXchange lists no HBM spot line. A prior spot series was retired 2026-07-28 after external verification failed.","unit":"$/GB","sourceNote":"Sources: TrendForce (incl. FMS 2025 blended-ASP series), TechInsights via SemiEngineering, Dealsite/Chosun Biz/Seoul Economic Daily via TrendForce News, Goldman Sachs as quoted in press, vendor IR (SK Hynix/Samsung/Micron). Contract prices are confidential; per-point typing separates stated figures from Silicon Analysts derivations. Only open-market evidence found: an isolated 2026 broker ask ~$77/GB (6-8x contract, an outlier not a market) and unpriced gray-market channels.","methodUrl":"https://siliconanalysts.com/data/hbm-pricing/methodology"},"dataPoints":[{"dataset_id":"hbm-pricing","period_label":"2017 (pre-window context)","period_sort_key":201700,"value_low":18.75,"value_mid":20,"value_high":23,"value_label":null,"series_key":"hbm2","series_label":"HBM2","series_color":"#94A3B8","confidence":"Medium","data_type":"Confirmed","is_recent":true,"is_projection":false,"source_name":"Fudzilla (corroborated by GamersNexus industry sources)","source_date":"May 2017","source_note":"Fudzilla $80/4GB stack headline; GamersNexus multi-vendor corroboration (Kanter $150+$25). Publication date corrected to May 2017. [$80 per 4GB stack / 4 GB = $20.00/GB. GamersNexus industry sources: ~$150-160 for 8GB (2 stacks) plus ~$25 interposer, i.e. $18.75-20/GB before interposer.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Q4 2019","period_sort_key":201904,"value_low":7.5,"value_mid":7.5,"value_high":15,"value_label":null,"series_key":"hbm2","series_label":"HBM2","series_color":"#94A3B8","confidence":"Medium","data_type":"Confirmed","is_recent":true,"is_projection":false,"source_name":"Semiconductor Engineering (TechInsights)","source_date":"Dec 17, 2019","source_note":"TechInsights $120/16GB stack estimate, explicitly pre-packaging; the anchor reused by later A100-era BOM analyses. [$120 / 16 GB = $7.50/GB (pre-packaging). If the stack were actually 8GB (JEDEC 4-hi ambiguity flagged by source's own wording), figure = $15.00/GB — hence wide high bound.] | Original (located 2026-09-16): Semiconductor Engineering, 2019-12-17 08:01 UTC, \"What's Next For High Bandwidth Memory\" by Mark LaPedus — the publication that carried the TechInsights figure, now linked instead of named. The sentence immediately after the stored one reads \"That doesn’t even include the cost of the package.\", which is what this point's pre-packaging basis rests on. Read against the article, two different $120 figures sit in the same paragraph on different bases: \"Three years ago, HBM cost about $120/GB\" (a per-GB level for ~2016) and the $120 unit price quoted here (per 16GB 4-high stack). This point uses the unit price. The article attributes the $120 to TechInsights the firm; Jeongdong Choe is quoted in the same article on HBM2E and HBM3 timing, not on the price. | Ruled 2026-09-17: attribution narrowed to the firm - the article credits the $120 to TechInsights; Jeongdong Choe is quoted on HBM2E/HBM3 timing, not on the price.","source_url":"https://semiengineering.com/whats-next-for-high-bandwidth-memory/","source_excerpt":"Today, the unit prices for HBM2 (16GB with 4 stack DRAM dies) is roughly $120, according to TechInsights.","source_lang":"en","source_publisher":"Semiconductor Engineering"},{"dataset_id":"hbm-pricing","period_label":"2020-2021","period_sort_key":202000,"value_low":7.5,"value_mid":8,"value_high":10,"value_label":null,"series_key":"hbm2","series_label":"HBM2","series_color":"#94A3B8","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed; anchors Dec 2019","source_note":"Carried seed point; consistent with TechInsights $7.50/GB pre-packaging Q4-2019 anchor plus a modest packaging adder.","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2020","period_sort_key":202000,"value_low":7.5,"value_mid":10,"value_high":12,"value_label":null,"series_key":"hbm2e-contract","series_label":"HBM2E (Contract)","series_color":"#0EA5E9","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model (anchors: TechInsights Dec 2019 via SemiEngineering; TrendForce FMS-2025 blended-ASP back-solve)","source_date":"Jul 2026 (model)","source_note":"Created fill: flat vs 2021 modelled level; A100 launch year, contract-locked, supply-constrained, no public figure exists. [Held flat vs the 2021 modelled point: $120/16GB TechInsights anchor ($7.50/GB pre-packaging) plus HBM2E premium and packaging adder to ~$10/GB packaged.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2021","period_sort_key":202100,"value_low":7.5,"value_mid":10,"value_high":12,"value_label":null,"series_key":"hbm2e-contract","series_label":"HBM2E (Contract)","series_color":"#0EA5E9","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model (anchors: TechInsights Dec 2019 via SemiEngineering; TrendForce FMS 2025 blended ASP $1.40/Gb 2022)","source_date":"Jul 2026 (model)","source_note":"Mid corrected $8.5 to $10.0 in verification: packaged level (what Nvidia pays) belongs at the mid, per 2022 blended-ASP back-solve. [Anchor $120 per 16GB stack = $7.50/GB pre-packaging (low bound); mid set at ~$10/GB packaged, per the verified TrendForce 2022 blended-ASP back-solve (HBM2E ~$10.5-11/GB packaged in 2022; 2021 contract-locked and similar).]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2022","period_sort_key":202200,"value_low":9,"value_mid":10.8,"value_high":11.5,"value_label":null,"series_key":"hbm2e-contract","series_label":"HBM2E (Contract)","series_color":"#0EA5E9","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model (anchor: TrendForce FMS 2025 blended ASP, Ellie Wang; mix per TrendForce 2023 releases)","source_date":"Aug 2025 (2022 datum); model Jul 2026","source_note":"Mid corrected $8 to $10.8 in verification: verified $1.40/Gb 2022 blend back-solves above the original $7-10 range; range re-centered. [TrendForce 2022 blended HBM ASP $1.40/Gb = $11.20/GB with ~85-90% HBM2e/HBM2 bit mix and HBM3 at ~1.33x back-solves to HBM2E ~$10.8/GB packaged.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Q3 2022","period_sort_key":202203,"value_low":9,"value_mid":10,"value_high":11.5,"value_label":null,"series_key":"hbm2e","series_label":"HBM2E","series_color":"#6366F1","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed","source_note":"Carried seed point; matches the $10.8/GB 2022 blended-ASP back-solve within modelled tolerance.","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2023","period_sort_key":202300,"value_low":8.5,"value_mid":9.8,"value_high":10.5,"value_label":null,"series_key":"hbm2e","series_label":"HBM2E","series_color":"#6366F1","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"TrendForce press release 20230809 (direction stated) + Silicon Analysts model (level)","source_date":"Aug 9, 2023","source_note":"Mid corrected $7 to $9.8 in verification: blended-ASP back-solve with actual 50/39 mix sits above the original $6-8.5 range; direction stated by TrendForce, level modelled. [Back-solve of verified 2023 blended ASP $1.38/Gb ($11.04/GB) with TrendForce 2023 mix (HBM2e ~50%, HBM3 ~39%, HBM3 premium 1.25-1.5x) gives HBM2E $9.4-10.3/GB.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Q1 2023","period_sort_key":202301,"value_low":10,"value_mid":11,"value_high":12,"value_label":null,"series_key":"hbm3","series_label":"HBM3","series_color":"#8B5CF6","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed","source_note":"Carried seed point; DRAM downcycle trough predating post-ChatGPT contract resets, coherent below the 2023 annual contract level.","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Q2/Q3 2023","period_sort_key":202302,"value_low":12,"value_mid":13,"value_high":14,"value_label":null,"series_key":"hbm3","series_label":"HBM3","series_color":"#8B5CF6","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed","source_note":"Carried seed; triangulates with modelled 2023 contract ($13.5) and revenue-derived 2023 blend ($12.9).","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2024","period_sort_key":202400,"value_low":11.6,"value_mid":13.6,"value_high":16.5,"value_label":null,"series_key":"hbm3e","series_label":"HBM3E","series_color":"#7C3AED","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"TrendForce (Avril Wu; press releases 2024-03-18, 2024-05-06, 2024-07-22) — revenue/bits division","source_date":"Oct 24, 2024 (revenue; date corrected from Feb 2025)","source_note":"Doubly-confirmed revenue divided by TrendForce bit chains; spread driven by which bit statement is used. [HBM 2024 revenue $18.2B (stated; also 20.1% x $90.7B DRAM = $18.2B exact cross-check) / bits 8.8-12.6B Gb (TrendForce chains) = $11.6-16.5/GB; central bits 10.7B Gb = $13.6/GB.] | Original (located 2026-09-16): TrendForce press release 2024-07-22, \"Memory Industry Revenue Expected to Reach Record High in 2025 Due to Increasing Average Prices and the Rise of HBM and QLC\", https://www.trendforce.com/presscenter/news/20240722-12228.html — the release that prints the $90.7B 2024 DRAM revenue this point's cross-check divides, and which separately states \"HBM is expected to contribute 5% of DRAM bit shipments and 20% of revenue in 2024\". The 20.1% HBM revenue share used in the cross-check is from the companion release 2024-03-18, https://www.trendforce.com/presscenter/news/20240318-12081.html (\"HBM's revenue share within the DRAM industry — around 8.4% in 2023 — is projected to increase to 20.1% by the end of 2024\"), and the bit-share chain from 2024-05-06, https://www.trendforce.com/presscenter/news/20240506-12125.html. What the dropped relay carried that no public TrendForce release does: the stated $18.2B 2024 HBM revenue was given by Avril Wu at TrendForce Roadshow Korea (Seoul) and reported by TweakTown on 2024-10-24, which is the date this row's source_date still names; it is not in any TrendForce press release our verifier could reach, and the public cross-check above (20.1% x $90.7B = $18.2B) is what now stands behind the figure.","source_url":"https://www.trendforce.com/presscenter/news/20240722-12228.html","source_excerpt":"TrendForce estimates that benefiting from an increase in average DRAM prices by 53% in 2024 and 35% in 2025, DRAM revenue will reach US$90.7 billion in 2024—a 75% YoY increase—and $136.5 billion in 2025—a 51% YoY increase.","source_lang":"en","source_publisher":"TrendForce"},{"dataset_id":"hbm-pricing","period_label":"H1 2024","period_sort_key":202401,"value_low":12,"value_mid":12.8,"value_high":13.5,"value_label":null,"series_key":"hbm3-contract","series_label":"HBM3 (Contract)","series_color":"#16A34A","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model on KED Global (SK hynix stated direction) + Mirae Asset + TrendForce anchors","source_date":"May 2024","source_note":"Stated SK hynix decline direction plus Mirae $1.7/Gb ASP anchor minus HBM3E premium; KED quote verified verbatim. [SK hynix 2024 all-HBM ASP ~$1.7/Gb (Mirae Asset, Oct 2025) = $13.6/GB; stripping HBM3E (ramped from Mar 2024 at ~20-30% premium) implies HBM3 ~$1.5-1.6/Gb = $12.1-$12.9/GB.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Q1 2024","period_sort_key":202401,"value_low":11.5,"value_mid":12.5,"value_high":13.5,"value_label":null,"series_key":"hbm3","series_label":"HBM3","series_color":"#8B5CF6","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed","source_note":"Carried seed; consistent with H1 2024 modelled contract level ($12.8) and stated HBM3 decline direction.","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"H2 2024","period_sort_key":202403,"value_low":11,"value_mid":12,"value_high":12.8,"value_label":null,"series_key":"hbm3-contract","series_label":"HBM3 (Contract)","series_color":"#16A34A","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model on KED Global (SK hynix comment) + TrendForce blended-ASP anchor","source_date":"May 2024 (direction); Aug 2025 (anchor)","source_note":"Stated decline continuation on verified $1.49/Gb 2024 blend anchor; demand base narrowed to MI300X and H20. [Continuation of the stated 2024 HBM3 decline; TrendForce blended 2024 ASP $1.49/Gb rose only on HBM3e mix — HBM3-specific price eroded to ~$1.4-1.6/Gb = $11.0-$12.8/GB.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Q4 2024 (end-of-life endpoint)","period_sort_key":202404,"value_low":8.9,"value_mid":8.9,"value_high":12,"value_label":null,"series_key":"hbm2e","series_label":"HBM2E","series_color":"#6366F1","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"AI Frontiers ('High-Bandwidth Memory: The Critical Gaps in US Export Controls'); volumes corroborated by SemiAnalysis (11.4M stacks total to China)","source_date":"Feb 2026 (event: Dec 2024)","source_note":"Only volume-times-value HBM2E observation ever published; 16GB stack capacity is an external spec constant, division disclosed. [$1.0B / 7,000,000 stacks ≈ $143/stack; Samsung HBM2E stacks to China were 16GB (Ascend 910B/910C class): $143 / 16 GB ≈ $8.9/GB. 'Over $1 billion' makes this a floor, hence value_low = mid.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2025 (12-hi per-stack baseline)","period_sort_key":202500,"value_low":null,"value_mid":8.33,"value_high":null,"value_label":null,"series_key":"hbm3e-contract-stack","series_label":"HBM3E (Contract — per-stack prints)","series_color":"#84CC16","confidence":"Medium","data_type":"Confirmed","is_recent":true,"is_projection":false,"source_name":"헤럴드경제 (Herald Economy)","source_date":"Aug 7, 2025","source_note":"Baseline against which the HBM4 60-70% premium was stated; per-stack press figure, conflicts with Goldman's $15/GB market level (~1.7x per-stack-vs-revenue-implied spread documented). [$300/stack / 36 GB (12-hi HBM3E) = $8.33/GB.] | Original (located 2026-09-14): 헤럴드경제 (Herald Economy), 2025-08-07 08:22 KST — hedged as 알려지면서 / 후문이다 (reported; unnamed industry sources). English rendering of the stored sentence: \"It then emerged that the HBM4 12-Hi price had been set at $500, about 70% above HBM3E ($300), and Nvidia is said to have balked.\" This point takes the HBM3E $300 baseline from that sentence. Herald Economy is the earliest Korean report of these figures our verifier could read; the English relay credits Chosun as first but does not link it, and that page is not reachable by our tools.","source_url":"https://biz.heraldcorp.com/article/10548728","source_excerpt":"그러다 최근 HBM4 12단의 가격을 HBM3E(300달러)보다 약 70% 비싼 500달러로 책정한 것으로 알려지면서 엔비디아가 난색을 표했다는 후문이다.","source_lang":"ko","source_publisher":"헤럴드경제 (Herald Economy)"},{"dataset_id":"hbm-pricing","period_label":"2025","period_sort_key":202500,"value_low":12,"value_mid":13,"value_high":13.6,"value_label":null,"series_key":"hbm3-contract","series_label":"HBM3 (Contract)","series_color":"#16A34A","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model on TrendForce stated 2025 hike (press 20240506) applied to 2024 base","source_date":"May 2024","source_note":"Stated 5-10% hike percentage on modelled 2024 base; HBM3 residual mix (H20, MI300X tail) opaque. [TrendForce (May 6, 2024): 2025 HBM prices raised 5-10%, explicitly 'affecting HBM2e, HBM3, and HBM3e'; applied to modelled 2024 exit rate ~$12.0-12.4/GB = $12.6-$13.6/GB.]","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2025","period_sort_key":202500,"value_low":12.6,"value_mid":16.4,"value_high":21.2,"value_label":null,"series_key":"hbm3e","series_label":"HBM3E","series_color":"#7C3AED","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"TrendForce (Avril Wu; news 2025-07-18, 2025-09-17) + Goldman Sachs (report not public, quoted by TrendForce) — revenue/bits division","source_date":"Oct 2024-Jul 2025 (revenue), Sep 2025 (bits)","source_note":"Revenue/bits division. The $21.2 upper bound is a TAM-model artifact — mathematically implied by TrendForce 2025F revenue $46.7B over its lower bit chain, but a sustained $21/GB blend is BOM-implausible; retained as the honest upper bound of source disagreement (TrendForce ~30% internal bit-chain inconsistency), not a market level. Goldman $36B revenue view gives the $12.6 low. | Original (located 2026-09-16): TrendForce News 2025-07-18, \"[News] HBM Prices Reportedly Face Double-digit Drop Risks in 2026, Posing Challenges for SK hynix\", https://www.trendforce.com/news/2025/07/18/news-hbm-prices-reportedly-face-double-digit-drop-risks-in-2026-posing-challenges-for-sk-hynix/ — the piece that prints the Goldman Sachs $36B 2025 HBM TAM this point's $12.6 low rests on. Goldman stays a relayed source with two hops and no public document: TrendForce cites Economic Daily News (udn.com), which cites the Goldman report, so the report itself is not linkable and the clause is kept in source_name rather than replaced. The bits leg is TrendForce's own projection in TrendForce News 2025-09-17, \"[News] HBM Market Heats Up as Three Giants Clash, with HBM4 at the Center\", https://www.trendforce.com/news/2025/09/17/news-hbm-market-heats-up-as-three-giants-clash-with-hbm4-at-the-center/ (\"TrendForce projects HBM shipments will surpass 30 billion Gb by 2026\"). As with 2024, the TrendForce 2025F revenue figure this note's upper bound divides ($46.7B) was given by Avril Wu at TrendForce Roadshow Korea (Seoul) and reported by TweakTown on 2024-10-24; it is in no public TrendForce release our verifier could reach, which is part of why the $21.2 upper bound is labelled a TAM-model artifact rather than a market level.","source_url":"https://www.trendforce.com/news/2025/07/18/news-hbm-prices-reportedly-face-double-digit-drop-risks-in-2026-posing-challenges-for-sk-hynix/","source_excerpt":"Goldman Sachs has revised its HBM total addressable market (TAM) estimates, raising 2025 forecast slightly by 1% to US$36 billion, but cutting 2026 outlook by 13% to US$45 billion (previously US$51 billion).","source_lang":"en","source_publisher":"TrendForce"},{"dataset_id":"hbm-pricing","period_label":"H1 2025","period_sort_key":202501,"value_low":14,"value_mid":15,"value_high":16,"value_label":null,"series_key":"hbm3e-contract","series_label":"HBM3E (Contract)","series_color":"#22C55E","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed","source_note":"Carried seed; independently matches Goldman's stated $15/GB 2025 HBM3E base level (Nov 2025 report).","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"H2 2025","period_sort_key":202503,"value_low":12,"value_mid":13,"value_high":14,"value_label":null,"series_key":"hbm3e-contract","series_label":"HBM3E (Contract)","series_color":"#22C55E","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts seed series (carried)","source_date":"carried seed","source_note":"Carried seed; sits between Goldman's $15/GB market level and per-stack prints ($8.3-9.7/GB) — the documented per-stack-vs-blended conflict spans it.","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Initial quote, Aug 2025 (H1-2026 supply)","period_sort_key":202503,"value_low":null,"value_mid":13.89,"value_high":null,"value_label":null,"series_key":"hbm4-contract","series_label":"HBM4 (Contract — per-stack basis)","series_color":"#15803D","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"헤럴드경제 (Herald Economy)","source_date":"Aug 7, 2025","source_note":"SK Hynix-NVIDIA (Vera Rubin) initial negotiation quote; per-stack stated, $/GB computed — claim_type adjusted stated-to-derived in verification per dataset convention. [$500/stack / 36 GB (12-hi HBM4) = $13.89/GB. Korean '$500 range' may span $500-599; floor used.] | Original (located 2026-09-14): 헤럴드경제 (Herald Economy), 2025-08-07 08:22 KST — hedged as 알려지면서 / 후문이다 (reported; unnamed industry sources). English rendering of the stored sentence: \"It then emerged that the HBM4 12-Hi price had been set at $500, about 70% above HBM3E ($300), and Nvidia is said to have balked.\" This point takes the HBM4 $500 quote from that sentence; the original says 약 70% (about 70%), which the relay rendered as 60-70%. Herald Economy is the earliest Korean report our verifier could read; the English relay credits Chosun as first but does not link it, and that page is not reachable by our tools.","source_url":"https://biz.heraldcorp.com/article/10548728","source_excerpt":"그러다 최근 HBM4 12단의 가격을 HBM3E(300달러)보다 약 70% 비싼 500달러로 책정한 것으로 알려지면서 엔비디아가 난색을 표했다는 후문이다.","source_lang":"ko","source_publisher":"헤럴드경제 (Herald Economy)"},{"dataset_id":"hbm-pricing","period_label":"Agreed Nov 2025, SK Hynix (CY2026 supply)","period_sort_key":202504,"value_low":null,"value_mid":15.56,"value_high":null,"value_label":null,"series_key":"hbm4-contract","series_label":"HBM4 (Contract — per-stack basis)","series_color":"#15803D","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"서울경제 (Seoul Economic Daily)","source_date":"Nov 5, 2025","source_note":"Triple-corroborated settlement of the SK Hynix-NVIDIA HBM4 negotiation, up from the ~$500 initial quote; claim_type adjusted to derived (per-stack stated, $/GB computed). [$560/stack / 36 GB (12-hi HBM4) = $15.56/GB.] | Original (located 2026-09-14): 서울경제 (Seoul Economic Daily), 2025-11-05 17:50 KST — hedged as 알려졌다 (reported; unnamed industry sources). English rendering of the stored sentence: \"The HBM4 price supplied to Nvidia is reported to be in the mid-$500s per unit.\" The original prints 500달러 중반대 (mid-$500s) and no $560; English relays had hardened it to '$560'. Our $560/stack reading of 'mid-$500s' stands as an estimate. TrendForce/Dealsite ('mid-$500 range') and DIGITIMES (>50% vs HBM3E) corroborate.","source_url":"https://www.sedaily.com/NewsView/2H0C65C1I4","source_excerpt":"엔비디아에 공급하는 HBM4 가격은 제품당 500달러 중반대로 알려졌다.","source_lang":"ko","source_publisher":"서울경제 (Seoul Economic Daily)"},{"dataset_id":"hbm-pricing","period_label":"Q4 2025 (SK Hynix 12-hi to Nvidia)","period_sort_key":202504,"value_low":9.17,"value_mid":9.72,"value_high":10.28,"value_label":null,"series_key":"hbm3e-contract-stack","series_label":"HBM3E (Contract — per-stack prints)","series_color":"#84CC16","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"딜사이트 (Dealsite)","source_date":"Nov 27, 2025","source_note":"Per-stack Dealsite LTA figure divided by 36GB; cleanest independent late-2025 HBM3E contract anchor. [Mid-$300s per 12-hi 36GB stack: $350/36GB = $9.72/GB (range $330-370/36 = $9.17-10.28).] | Original (located 2026-09-14): 딜사이트 (Dealsite), 2025-11-27 07:00 KST — hedged as 알려졌다 (reported; unnamed industry sources). English rendering of the stored sentence: \"SK hynix's HBM3E 12-Hi price is reported to be in the mid-$300s, while Samsung's HBM3E is in the mid-$200s.\" This point takes the SK hynix mid-$300s level (read as $350/stack) from that sentence.","source_url":"https://dealsite.co.kr/articles/152153","source_excerpt":"SK하이닉스의 HBM3E 12단 가격이 300달러 중반대 수준인 반면 삼성전자의 HBM3E 제품은 200달러 중반대 수준으로 알려졌다.","source_lang":"ko","source_publisher":"딜사이트 (Dealsite)"},{"dataset_id":"hbm-pricing","period_label":"Samsung, Nov 2025 (negotiating parity with SK Hynix, CY2026 supply)","period_sort_key":202505,"value_low":14.6,"value_mid":15.28,"value_high":15.3,"value_label":null,"series_key":"hbm4-contract","series_label":"HBM4 (Contract — per-stack basis)","series_color":"#15803D","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"딜사이트 (Dealsite)","source_date":"Nov 27, 2025","source_note":"Samsung HBM4 to NVIDIA at mid-$500/stack — near SK Hynix parity after its ~30% HBM3E discount; mid corrected $13.89-to-$15.28 per the article's 'mid-$500' wording. ['Mid-$500' ≈ $550/module / 36 GB = $15.28/GB (span $525-550 = $14.6-15.3). CORRECTED in verification from $500-flat reading ($13.89).] | Original (located 2026-09-14): 딜사이트 (Dealsite), 2025-11-27 07:00 KST — hedged as 회사 사정에 정통한 관계자 (a person familiar with the company). English rendering of the stored sentence: \"Having offered Nvidia a comparatively low price on the previous HBM3E 12-Hi, Samsung is negotiating with the aim of contracting HBM4 at the same unit price as SK hynix.\" The original states no dollar figure for Samsung's HBM4: it reports Samsung negotiating to match SK hynix's unit price, which the same article puts at 약 500달러 중반대. The relay chain presented this as Samsung's price; this point's dollar level is that SK hynix figure. Corroboration retained from the prior attribution: Digitimes / Seoul Economy News. | Ruled 2026-09-15: typed Estimate, not Confirmed - the original prints no Samsung figure; the parity level is a negotiating target, so this point carries SK Hynix's agreed level as Samsung's target.","source_url":"https://dealsite.co.kr/articles/152153","source_excerpt":"전작인 HBM3E 12단은 엔비디아에 비교적 낮은 가격을 제시했지만, HBM4는 SK하이닉스와 동일한 단가에 계약하는 것을 목표로 협상에 임하고 있다","source_lang":"ko","source_publisher":"딜사이트 (Dealsite)"},{"dataset_id":"hbm-pricing","period_label":"Q4 2025 (Samsung 12-hi, share-grab floor)","period_sort_key":202505,"value_low":5.56,"value_mid":6.81,"value_high":8.33,"value_label":null,"series_key":"hbm3e-contract-stack","series_label":"HBM3E (Contract — per-stack prints)","series_color":"#84CC16","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"딜사이트 (Dealsite)","source_date":"Nov 27, 2025","source_note":"Merged duplicate cell: Dealsite 30%-below-SK anchor (best-sourced) with range widened to span the Electronics Weekly $200/stack floor and $300 pre-cut level. [30% below SK Hynix's mid-$300s: ~$245/36GB = $6.81/GB. Low bound from Electronics Weekly's unattributed $200/stack cut figure ($200/36 = $5.56); high bound pre-cut $300/36 = $8.33. If figures refer to 8-hi 24GB stacks, range shifts to $8.3 | Original (located 2026-09-14): 딜사이트 (Dealsite), 2025-11-27 07:00 KST — hedged as 알려졌다 (reported; unnamed industry sources). English rendering of the stored sentence: \"SK hynix's HBM3E 12-Hi price is reported to be in the mid-$300s, while Samsung's HBM3E is in the mid-$200s.\" This point takes the Samsung mid-$200s level (read as ~$245/stack, ~30% below SK hynix) from that sentence. Electronics Weekly (Oct 28, 2025, unattributed $300-to-$200 cut) widens the range; direction corroborated by Seoul Economic Daily as relayed by TrendForce.","source_url":"https://dealsite.co.kr/articles/152153","source_excerpt":"SK하이닉스의 HBM3E 12단 가격이 300달러 중반대 수준인 반면 삼성전자의 HBM3E 제품은 200달러 중반대 수준으로 알려졌다.","source_lang":"ko","source_publisher":"딜사이트 (Dealsite)"},{"dataset_id":"hbm-pricing","period_label":"2026 (HBM3E 12-hi renewals, negotiated Dec 2025)","period_sort_key":202600,"value_low":12.5,"value_mid":13.89,"value_high":13.89,"value_label":null,"series_key":"hbm3e-contract-stack","series_label":"HBM3E (Contract — per-stack prints)","series_color":"#84CC16","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"서울경제 (Seoul Economic Daily)","source_date":"Dec 26, 2025","source_note":"Merged duplicate Samsung-renewal points into one; >50% hike = Samsung rebasing from its discounted ~$300 level toward SK Hynix parity, consistent with the ~20% industry hike. ['Close to $500' per 12-hi 36GB stack: $500/36GB = $13.89/GB (low $450/36 = $12.50). Prior 'around $300' = $8.33/GB. If figures are 8-hi 24GB stacks, $500/24GB = $20.83/GB (ambiguity flagged).] | Original (located 2026-09-14): 서울경제 (Seoul Economic Daily), 2025-12-26 17:43 KST — hedged as 업계에 따르면 / 파악됐다 (according to industry sources; found to be). English rendering of the stored sentence: \"HBM3E 12-Hi is understood to be around the $300s per chip, and companies that recently renewed are found to be paying prices in the $500s.\" The original reports that both Samsung and SK hynix are quoting 50%+ higher prices to existing customers on HBM3E 12-Hi renewals; the relay narrowed this to Samsung, which this point's label still reflects. | Ruled 2026-09-15: relabelled - the print covers both vendors' HBM3E 12-hi renewals, not Samsung alone.","source_url":"https://www.sedaily.com/NewsView/2H1VQWJUZ6","source_excerpt":"HBM3E 12단은 칩당 약 300달러대로 알려져 있는데 최근 재계약한 기업들은 500달러대 가격을 지불하는 것으로 파악됐다.","source_lang":"ko","source_publisher":"서울경제 (Seoul Economic Daily)"},{"dataset_id":"hbm-pricing","period_label":"Expected level, Jan 2026","period_sort_key":202601,"value_low":null,"value_mid":16.67,"value_high":null,"value_label":">$16.67/GB","series_key":"hbm4-contract","series_label":"HBM4 (Contract — per-stack basis)","series_color":"#15803D","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"딜사이트 (Dealsite)","source_date":"Jan 27, 2026","source_note":"Most recent dated per-stack 2026 HBM4 expectation; same article gives SK Hynix ~two-thirds Vera Rubin share. [>$600/stack / 36 GB = >$16.67/GB (value is a floor, not a midpoint).] | Relay located 2026-09-15: TrendForce News, 2026-01-28, https://www.trendforce.com/news/2026/01/28/news-sk-hynix-reportedly-to-supply-about-two-thirds-of-nvidia-hbm4-samsung-targets-early-delivery/ (\"Industry sources expect prices for 12-layer HBM4 products to exceed $600.\"), citing Dealsite / Yonhap / Hankyung / EBN; the Korean original is attached on this row (second Korean-originals slice, 2026-09-16). | Original (located 2026-09-16): 딜사이트 (Dealsite), 2026-01-27 18:30 KST, 「SK하이닉스, HBM4 최종 샘플 '재수정'…엔비디아 퀄 1분기 중」 by 이세연 — the article the TrendForce relay links for the >$600 sentence — hedged as 업계에서는 ... 보고 있다 (the industry expects; unnamed). English rendering of the stored sentence: \"The industry expects the price of 12-layer HBM4 products to exceed $600.\" The original says 웃돌 것으로 (to exceed), which is why this point is a floor and not a level. Corroboration, one day earlier and weaker: EBN, 2026-01-26 13:36 KST, https://www.ebn.co.kr/news/articleView.html?idxno=1696775 — \"당초 시장은 HBM4의 가격을 500달러 중반대로 전망했으나, 최근 수요 급등으로 600달러 수준까지 오르고 있는 것으로 전해진다.\" (hedged as 600달러 수준까지 오르고 있는 — approaching the $600 level, not exceeding it). Yonhap 2026-01-28 (https://www.yna.co.kr/view/AKR20260128029000003) carries the two-thirds Vera Rubin share this note mentions but prints no dollar figure. source_date moved from the relay's month (Jan 2026) to the original's day. | Ruled 2026-09-17: typed Estimate (confidence Medium), not Confirmed/High - the original hedges the figure as an unnamed-industry expectation, not a confirmed print; the >$16.67/GB floor and the value stand.","source_url":"https://dealsite.co.kr/articles/155817/068020","source_excerpt":"업계에서는 HBM4 12단 제품의 가격이 600달러를 웃돌 것으로 보고 있다.","source_lang":"ko","source_publisher":"딜사이트 (Dealsite)"},{"dataset_id":"hbm-pricing","period_label":"2026 (≈+20% renewals)","period_sort_key":202601,"value_low":13,"value_mid":15.6,"value_high":18,"value_label":null,"series_key":"hbm3e-contract","series_label":"HBM3E (Contract)","series_color":"#22C55E","confidence":"Low","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model (hike: Chosun Biz via TrendForce Dec 2025; base: this series H2 2025)","source_date":"Jul 2026","source_note":"Modelled: the stated ~20% 2026 contract-renewal hike (Chosun Biz via TrendForce, Dec 24 2025 — H200-to-China + ASIC demand) applied to this series' own H2-2025 revenue-implied level ($13 x 1.2 = $15.6). NOTE: per-stack press prints imply a lower absolute level (~$11-14/GB) — see the per-stack prints series; the ~1.7x basis divergence is real and unreconciled. Cross-series comparisons must be SAME-BASIS: on the per-stack basis, 2026 HBM3E ~$12.2 vs HBM4 $15.6-16.7 (+27-37% generational premium) — no inversion once bases align.","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"2026 (blended per-stack, post-renewal)","period_sort_key":202601,"value_low":11.1,"value_mid":12.2,"value_high":13.9,"value_label":null,"series_key":"hbm3e-contract-stack","series_label":"HBM3E (Contract — per-stack prints)","series_color":"#84CC16","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"Silicon Analysts model (blend of this series' own verified prints)","source_date":"Jul 2026","source_note":"Blended 2026 per-stack contract level: SK Hynix $350/stack (Dealsite, Nov 2025) x stated ~+20% 2026 hike (Chosun Biz via TrendForce, Dec 2025) = $420/36 = $11.67; Samsung renewal $500/stack stated (Seoul Economic Daily, Dec 2025) = $13.89; blended mid ~$12.2. Restores the same-basis generational premium: HBM4 per-stack 2026 at $15.6-16.7 = +27-37% over HBM3E. Basis-inversion fix credited to an external adversarial review (Jul 2026).","source_url":null,"source_excerpt":null,"source_lang":null,"source_publisher":null},{"dataset_id":"hbm-pricing","period_label":"Expected level, Oct 2026 (CY2027 supply)","period_sort_key":202604,"value_low":null,"value_mid":36.11,"value_high":null,"value_label":null,"series_key":"hbm4-contract","series_label":"HBM4 (Contract — per-stack basis)","series_color":"#15803D","confidence":"Medium","data_type":"Estimate","is_recent":true,"is_projection":false,"source_name":"서울경제 (Seoul Economic Daily)","source_date":"Oct 1, 2026","source_note":"First per-stack print for CY2027 HBM4 supply; same sentence puts this year at about $600/stack (≈ $16.67/GB), consistent with the Jan 2026 expectation (>$16.67/GB). [$1,300/stack / 36 GB (12-hi HBM4) = $36.11/GB.] | Original (located 2026-10-02): 서울경제 (Seoul Economic Daily), 2026-10-01 17:56 KST, 「“내년 HBM 평균판매가 121% 오를 것”…삼성·SK, 가격 협상 청신호」 — hedged as 업계 추정치를 종합하면 (a synthesis of unnamed industry estimates) and 1300달러 안팎 (around $1,300). English rendering of the stored sentence: \"Synthesizing industry estimates, the per-stack price of 12-Hi 36GB HBM4 is expected to more than double, from about $600 this year to around $1,300 next year.\" The paper's English edition (en.sedaily.com, same timestamp) carries the same figures. Single-outlet figure: Ajunews (2026-09-30), Aju Press, ChosunBiz and S-Journal (2026-10-01) report TrendForce's 2027 outlook and Micron's sold-out FY2027 but print no per-stack price. Not to be confused with TrendForce's +121% in the same article — a 2027 BLENDED average selling price (mix-driven, a different basis), kept in external forecasts, not in this series.","source_url":"https://www.sedaily.com/article/20097309","source_excerpt":"업계 추정치를 종합하면 12단 36GB(기가바이트) HBM4의 스택당 가격은 올해 약 600달러에서 내년 1300달러 안팎으로 두 배 넘게 오를 것으로 예상된다.","source_lang":"ko","source_publisher":"서울경제 (Seoul Economic Daily)"}],"keyEvents":[{"dataset_id":"hbm-pricing","period_sort_key":202302,"period_label":"Q2 2023","event_label":"AI Inflection","event_description":"NVIDIA H100 ramp drives explosive HBM demand. SK Hynix sole supplier.","event_type":"positive"},{"dataset_id":"hbm-pricing","period_sort_key":202302,"period_label":"Q2–Q3 2023","event_label":"LTA Lock-In","event_description":"Capacity pre-sold via LTAs; no public HBM spot market forms (suppliers sold out for 2024 and most of 2025 — LaPedus, Jul 2024). Buyers without agreements simply cannot source.","event_type":"warning"},{"dataset_id":"hbm-pricing","period_sort_key":202304,"period_label":"Q4 2023","event_label":"HBM Sold Out","event_description":"SK Hynix CEO: \"HBM sold out for 2024 and almost 2025.\" Extreme supply constraint.","event_type":"warning"},{"dataset_id":"hbm-pricing","period_sort_key":202401,"period_label":"Q1–Q2 2024","event_label":"Samsung Enters","event_description":"Samsung qualifies HBM3E; SK Hynix near-monopoly starts eroding. Samsung later prices 20-30% below SK Hynix for H20 supply (Aug-Nov 2025).","event_type":"positive"},{"dataset_id":"hbm-pricing","period_sort_key":202504,"period_label":"Q4 2025","event_label":"2026 Whipsaw","event_description":"Goldman's -28% 2026 HBM3E projection (Nov 2025) superseded within ~6 weeks: H200-to-China approval + ASIC demand flip 2026 renewals to ~+20% (Samsung 12-hi >+50%). Dated forecast reversal preserved in the series.","event_type":"warning"},{"dataset_id":"hbm-pricing","period_sort_key":202602,"period_label":"Q2 2026","event_label":"DDR5 Crossover","event_description":"Commodity DDR5 spot per-GB exceeds HBM3E contract; DDR5 64GB RDIMM overtakes HBM in per-wafer revenue (TrendForce, Jun 2026). Suppliers seek multi-fold HBM increases for 2027.","event_type":"warning"}]},"meta":{"source":"Silicon Analysts","citeAs":"Silicon Analysts — Market Data","tier":"anonymous","totalPoints":41,"visiblePoints":30,"provenanceFields":["source_name","source_date","confidence","data_type","source_url","source_excerpt","source_lang","source_publisher"],"history_access":"key_required","history_note":"Historical HBM Price per GB by Generation data requires a free API key — anonymous callers receive the latest slice only. Get one at https://siliconanalysts.com/developers; the free tier returns a preview and Pro returns the complete time series.","get_api_key":"https://siliconanalysts.com/developers","upgrade":"https://siliconanalysts.com/pro","try_now":"curl https://siliconanalysts.com/api/v1/market-data/hbm-pricing","apiVersion":"1","endpoint":"/api/v1/market-data/hbm-pricing","docs":"https://siliconanalysts.com/developers","feedback":"Shape the paid tier — what would make this worth paying for? https://siliconanalysts.com/roadmap","freshness":{"cadence":"Event-driven — curated prints land when a dated public source publishes one (per-dataset cadence weekly → annual, see recommended_cadence). The market-data agent sweeps Sundays 02:00 UTC; prints that clear its validation gate (source-excerpt verification included) apply automatically, the rest queue for human review.","next_refresh":"2026-10-11T02:00:00.000Z","delta_check":"https://siliconanalysts.com/api/v1/changes?window=7d — the cheap way to stay current. An empty movements list means nothing moved past its significance threshold: that is signal, not staleness.","last_sourced":"2026-10-01","days_since_source":6}}}