The three top memory makers netted $37.3 billion in combined revenues for third-quarter 2018. This figure is eight percent sequentially and 36 percent up on the year.

This was due to server and smartphone demand which both need higher density memory specs.

DRAM chip sales accounted for as much as 71 percent of the combined memory chip revenues generated by the top three vendors in the third quarter of 2018, Digitimes Research indicated.

The top three memory chip vendors saw their joint DRAM memory sales reach $26.4 billion in the third quarter, up 10 percent sequentially.

Digitimes Research said that seasonal factors, as well as device clients already kicking off inventory adjustments will weaken memory chip demand and prices in the fourth quarter of 2018 and first-quarter 2019, estimates.

The top three memory chip vendors are unlikely to see their revenues regain growth momentum until the second half of 2019.