Cypriot IT association proposes European memory market index — Cyprus Mail
In Cyprus, the Cyprus Information Technology Enterprises Association (CITEA) proposed creating the European RAM Index, a European index for monitoring prices, supply and strategic dependencies in the computer memory market. As Cyprus Mail reports, the initiative was submitted to the industry organization DIGITALEUROPE for discussion with the European technology industry.
Demand from AI
CITEA President George Malekkos said that investments in artificial intelligence infrastructure are absorbing significant volumes of DRAM and solid-state drives (SSDs). According to him, this limits the available supply for smartphones, personal computers and other devices.
Malekkos cited an IDC forecast according to which global smartphone shipments could decline by 16.7% in 2026, while the average selling price could rise by 27.6%. He also referred to a Gartner estimate that DRAM and SSD prices could increase by around 130% by the end of 2026, which could affect the cost of PCs and smartphones.
According to the CITEA president, new AI Factories and data centers for AI are increasing demand not only for memory, but also for graphics processors, energy, data centers and advanced semiconductors.
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Index capabilities
As envisioned by CITEA, the European RAM Index could track DRAM, NAND and HBM prices; global and European supply levels; production concentration by country and manufacturer; European consumption and demand; delivery lead times; and capacity allocated to AI infrastructure. It could also assess the impact of the situation on PCs, servers, smartphones and corporate infrastructure, and serve as an early-warning system for the EU, the technology industry and businesses.
Malekkos linked the proposal to Europe’s technological sovereignty. He noted that the European Commission plans to create AI Gigafactories and announced the mobilization of €20 billion for their development. According to him, such infrastructure requires significant volumes of accelerators, chips, memory, energy, cloud infrastructure and data.
The CITEA president also mentioned the European Commission’s proposal for Chips Act 2.0, presented in June 2026. In his view, the EU strategy to strengthen the semiconductor industry and reduce dependence on third countries should also extend to the memory segment.
